Sec Form 4 Filing - Suttles Douglas James @ Ovintiv Inc. - 2020-02-27

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Suttles Douglas James
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
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O 370 17TH STREET, SUITE 1700
3. Date of Earliest Transaction (MM/DD/YY)
02/27/2020
(Street)
DENVER, CO80202
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 ( 1 ) 02/27/2020 M 37,137 A $ 12.68 98,472 ( 2 ) D
Common Stock ( 1 ) 02/27/2020 D 37,137 D $ 12.68 61,335 ( 2 ) D
Common Stock ( 1 ) 02/27/2020 M 91,356 ( 5 ) A $ 12.68 152,691 ( 2 ) D
Common Stock ( 1 ) 02/27/2020 D 91,356 ( 5 ) D $ 12.68 61,335 ( 2 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Rights (Restricted Stock Unit) ( 3 ) 02/27/2020 M 37,137 02/27/2020 02/27/2020 Common Stock 37,137 ( 2 ) $ 0 0 D
Rights (Performance Stock Unit) ( 4 ) 02/27/2020 M 91,356 02/27/2020 07/27/2020 Common Stock 91,356 ( 2 ) $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Suttles Douglas James
C/O 370 17TH STREET, SUITE 1700
DENVER, CO80202
X Chief Executive Officer
Signatures
/s/Dawna Gibb, by Power of Attorney 02/28/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to Rule 12g-3(a) under the Exchange Act, 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 pre-consolidation 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 Restricted Share Unit (each, "RSU") is the economic equivalent of one share of Ovintiv Inc. common stock and attracts dividend equivalent RSUs.
( 4 )Each Performance Share Unit (each, "PSU") is settled based on the achievement of certain performance criteria, is valued based on the economic equivalent of one common share of Ovintiv Inc. common stock and attracts dividend equivalent PSUs.
( 5 )Settlement of the PSUs was based on a performance criteria multiplier of 123 percent.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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