Accession Number: | 0001667731-22-000216 |
Date: | 2022-05-18 |
Issuer: | OVINTIV INC. (OVV) |
Original Submission Date: |
CODE COREY DOUGLAS
C/O 370 17TH STREET, SUITE 1700
DENVER, CO 80202
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature 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 |
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 Exercisable | Expiration 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 |
ID | footnote |
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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. |