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Ovintiv (OVV)

Filed: 9 Mar 22, 6:18pm
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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: 3235-0287
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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).
1. Name and Address of Reporting Person*
Waterman Bruce Gordon

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

(Street)
DENVER CO 80202

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form 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 Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/08/2022 M(1) 5,655 A (3) 112,322 D
Common Stock 03/08/2022 F(2) 2,715 D $47.28(4) 109,607(10) D
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 Security 3. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Unit (5) 03/08/2022 M 5,655 03/08/2022 03/08/2022 Common Stock 5,655 $0 23,605(6) D
Deferred Share Unit (7) 03/31/2021(8) A 618 (7) (7) Common Stock 618 $0 42,280(9) D
Explanation of Responses:
1. Represents the settlement upon vesting of Restricted Share Units ("RSUs")
2. Reporting the withholding by Ovintiv Inc. ("Ovintiv") of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations.
3. RSUs convert into Ovintiv common stock on a one-for-one basis
4. The RSUs settled in Canadian dollars at a price of CAD$60.84 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
5. Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs.
6. Includes 1,803 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 739 RSUs on March 30, 2020; 202 RSUs on June 30, 2020; 268 RSUs on September 30, 2020; 155 RSUs on December 31, 2020; 110 RSUs on March 31, 2021; 85 RSUs on June 30, 2021; 120 RSUs on September 30, 2021; and 124 RSUs on December 31, 2021.
7. Each Deferred Share Unit (each, a "DSU") is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent DSUs. DSUs are held until retirement from the Board.
8. Represents grants of dividend equivalent DSUs from March 31, 2021 to December 31, 2021 that were not previously reported due to an inadvertent administrative oversight as follows: 152 DSUs on March 31, 2021; 119 DSUs on June 30, 2021; 170 DSUs on September 30, 2021; and 177 DSUs on December 31, 2021.
9. Includes 2,014 DSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 1,018 DSUs on March 30, 2020; 341 DSUs on June 30, 2020; 407 DSUs on September 30, 2020; and 248 DSUs on December 31, 2020.
10. Includes Ovintiv common stock acquired though reinvested dividends
/s/Dawna Gibb, by Power of Attorney 03/09/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.