Sec Form 4 Filing - Zemljak Renee Ellen @ Ovintiv Inc. - 2020-03-30

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
Zemljak Renee Ellen
2. Issuer Name and Ticker or Trading Symbol
Ovintiv Inc. [ OVV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Midstream, Mrktg & Fndmtl
(Last) (First) (Middle)
C/O 370 17TH STREET, SUITE 1700
3. Date of Earliest Transaction (MM/DD/YY)
03/30/2020
(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 03/07/2022 M( 3 ) 32,499 A 67,798 D
Common Stock 03/07/2022 F( 5 ) 14,267 D $ 46.71 53,531 D
Common Stock 03/08/2022 M( 3 ) 13,247 A 66,778 D
Common Stock 03/08/2022 F( 5 ) 5,816 D $ 47.78 60,962 D
Common Stock 03/08/2022 M( 8 ) 27,606( 7 ) A 88,568 D
Common Stock 03/08/2022 F( 5 ) 12,119 D $ 47.78 76,449 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
Restricted Share Unit ( 1 ) 03/07/2022 A 5,531 03/07/2023 03/07/2023 Common Stock 5,531 $ 0 94,904 D
Restricted Share Unit ( 1 ) 03/07/2022 A 5,531 03/07/2024 03/07/2024 Common Stock 5,531 $ 0 100,435 D
Restricted Share Unit ( 1 ) 03/07/2022 A 5,531 03/07/2025 03/07/2025 Common Stock 5,531 $ 0 105,966 D
Restricted Share Unit ( 2 ) 03/07/2022 M 32,499 03/07/2022 03/07/2022 Common Stock 32,499 $ 0 73,467 D
Restricted Share Unit ( 2 ) 03/08/2022 M 13,247 03/08/2022 03/08/2022 Common Stock 13,247 $ 0 60,220( 10 ) D
Performance Share Unit ( 6 ) 03/08/2022 M 27,606( 7 ) 03/08/2022 03/08/2022 Common Stock 27,606( 7 ) $ 0 0 D
Rights (Deferred Share Unit) ( 11 ) 03/30/2020( 12 ) A 539 ( 11 ) ( 11 ) Common Stock 539 $ 0 7,019 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Zemljak Renee Ellen
C/O 370 17TH STREET, SUITE 1700
DENVER, CO80202
EVP, Midstream, Mrktg & Fndmtl
Signatures
/s/Dawna Gibb, by Power of Attorney 03/09/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each Restricted Share Unit (each, "RSU") is the economic equivalent of one share of common stock of Ovintiv Inc. ("Ovintiv") and attracts dividend equivalent RSUs. Vesting will occur on the exercise date in accordance with the Omnibus Incentive Plan and applicable grant agreement, and subject to the grantee's continued employment with Ovintiv or its affiliate through the applicable exercise date.
( 2 )Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs.
( 3 )Represents the settlement upon vesting of the RSUs.
( 4 )RSUs convert into Ovintiv common stock on a one-for-one basis.
( 5 )Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs or PSUs, as applicable) to satisfy payment of tax withholding obligations.
( 6 )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 common stock and attracts dividend equivalent PSUs
( 7 )Settlement of the PSUs was ba sed on a performance criteria multiplier of 104.2 percent.
( 8 )Represents the settlement upon vesting of PSU's.
( 9 )PSUs convert into Ovintiv common stock on a one-for-one basis.
( 10 )Includes 6,645 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 3,001 RSUs on March 30, 2020; 815 RSUs on June 30, 2020; 940 RSUs on September 30, 2020; 539 RSUs on December 31, 2020; 341 RSUs on March 31, 2021; 264 RSUs on June 30, 2021; 371 RSUs on September 30, 2021; and 374 RSUs on December 31, 2021.
( 11 )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 company.
( 12 )Represents grants of dividend equivalent DSUs from March 30, 2020 to December 31, 2021 that were not previously reported due to an inadvertent administrative oversight as follows: 246 DSUs on March 30, 2020; 67 DSUs on June 30, 2020; 76 DSUs on September 30, 2020; 44 DSUs on December 31, 2020; 27 DSUs on March 31, 2021; 20 DSUs on June 30, 2021; 29 DSUs on September 30, 2021; and 30 DSUs on December 31, 2021.

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