Form Type: 4

SEC EDGAR Link
Accession Number:0001667731-22-000216
Date:2022-05-18
Issuer: OVINTIV INC. (OVV)
Original Submission Date:

Reporting Person:

CODE COREY DOUGLAS
C/O 370 17TH STREET, SUITE 1700
DENVER, CO 80202

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-05-18 M 12,673 a $0.00 65,373 direct
COMMON STOCK 2022-05-18 D 12,673 d $45.02 52,700 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE SHARE UNIT 0.0 2022-05-18 deemed execution date M 12,673 (d) 2022-05-18 2022-05-18 common stock 12,673 $0.00 0 direct
Footnotes
IDfootnote
f1 each performance share unit (each, "psu") is settled based on the achievement of certain performance criteria, is the economic equivalent of one common share of ovintiv inc. ("ovintiv") common stock and attracts dividend equivalent psus.
f2 settlement of the psus was based on a performance criteria multiplier of 104.2 percent.
f3 represents the settlement upon vesting of psus.
f4 psus convert into ovintiv common stock on a one-for-one basis.
f5 the psu is settled in canadian dollars at a price of cad$57.81 per psu and is determined based on the volume-weighted average price of one share of ovintiv common stock as traded on the toronto stock exchange for the five trading days immediately following the end of ovintiv's q1 financial reporting blackout on may 10, 2022. the price has been converted to u.s. dollars using the bank of canada exchange rate on the transaction date.
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