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Ovintiv (OVV)

Filed: 3 Mar 20, 12:34pm
SEC Form 5
FORM 5UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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OMB Number:3235-0362
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
X
Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
Shaw Brian Gordon

(Last)(First)(Middle)
C/O 370 17TH STREET, SUITE 1700

(Street)
DENVERCO80202

(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
Ovintiv Inc. [ OVV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8)4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)2. Conversion or Exercise Price of Derivative Security3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8)5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)8. Price of Derivative Security (Instr. 5)9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Rights (Deferred Share Unit)(1)(2)(3)03/29/20194A390(4)(3)(3)Common Stock(1)390(4)$36.05(5)14,265D
Rights (Deferred Share Unit)(1)(2)(3)06/28/20194A563(4)(3)(3)Common Stock(1)563(4)$25(6)14,828D
Rights (Deferred Share Unit)(1)(2)(3)09/30/20194A610(4)(3)(3)Common Stock(1)610(4)$23.05(7)15,438D
Rights (Deferred Share Unit)(1)(2)(3)12/31/20194A612(4)(3)(3)Common Stock(1)612(4)$23(8)16,050D
Explanation of Responses:
1. Pursuant to Rule 12g-3(a) under the Exchange Act, Ovintiv Inc. ("Ovintiv") is the successor issuer to Encana Corporation ("Encana").
2. On January 24, 2020, Encana completed a corporate reorganization (the "Reorganization") which included, among other things, a share consolidation on the basis of one post-consolidation share for each five preconsolidation shares (the "Share Consolidation") and Ovintiv Inc. ultimately acquiring all of the issued and outstanding common shares of Encana in exchange for shares of Ovintiv on a one-for-one basis. The amount of securities beneficially owned reflect completion of the Reorganization, including the Share Consolidation.
3. Each Deferred Share Unit (each, a "DSU") is the economic equivalent of one share of common stock of Ovintiv. DSUs are held until termination of employment.
4. The amount of DSUs have been adjusted for the Share Consolidation.
5. 1,951 DSUs were awarded at a pre-consolidation price of CAD$9.68 per DSU (CAD$48.40 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation.
6. 2,814 DSUs were awarded at a pre-consolidation price of CAD$6.54 per DSU (CAD$32.70 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation.
7. 3,048 DSUs were awarded at a pre-consolidation price of CAD$6.11 per DSU (CAD$30.55 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation.
8. 3,060 DSUs were awarded at a pre-consolidation price of CAD$6.04 per DSU (CAD$30.20 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation.
/s/Dawna Gibb by Power of Attorney03/03/2020
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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