v3.6.0.2
Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used to fair value share units



 

 

 



 

US$ Share Units

 

As at December 31

2016  2015  2014 

Risk Free Interest Rate

0.75%  0.48%  1.01% 

Dividend Yield

0.51%  1.18%  2.02% 

Expected Volatility Rate (1)

57.18%  39.16%  30.66% 

Expected Term

1.9 yrs

1.4 yrs

1.5 yrs

Market Share Price

US$11.74

US$5.09

US$13.87



 

 

 



 

CS$ Share Units

 

As at December 31

2016  2015  2014 

Risk Free Interest Rate

0.75%  0.48%  1.01% 

Dividend Yield

0.50%  1.09%  1.91% 

Expected Volatility Rate (1)

53.24%  36.45%  29.11% 

Expected Term

1.9 yrs

1.5 yrs

1.7 yrs

Market Share Price

C$15.76

C$7.03

C$16.17



Amounts Recognized For Share-Based Payment Transactions



 

 

 

 

 

 

 

For the years ended December 31

 

2016 

 

 

2015 

 

2014 

Compensation Costs of Transactions Classified as Cash-Settled

$

174 

 

$

(29)

$

25 

Compensation Costs of Transactions Classified as Equity-Settled (1)

 

 -

 

 

 -

 

(2)

Total Share-Based Compensation Costs

 

174 

 

 

(29)

 

23 

Less: Total Share-Based Compensation Costs Capitalized

 

(40)

 

 

10 

 

(6)

Total Share-Based Compensation Expense

$

134 

 

$

(19)

$

17 

Recognized on the Consolidated Statement of Earnings in:

 

 

 

 

 

 

 

   Operating expense

$

48 

 

$

(7)

$

12 

   Administrative expense

 

86 

 

 

(12)

 



$

134 

 

$

(19)

$

17 

(1) RSUs may be settled in cash or open market purchased shares as determined by Encana.  The Company’s decision to cash settle RSUs was made subsequent to the original grant date.



Liability for Share-Based Payment Transactions



 

 

 

 

 

 

 

For the years ended December 31

 

2016 

 

 

2015 

 

2014 

Liability for Cash-Settled Share-Based Payment Transactions:

 

 

 

 

 

 

 

Unvested

$

171 

 

$

47 

$

78 

Vested

 

37 

 

 

 

21 



$

208 

 

$

51 

$

99 



Schedule Of Outstanding Deferred Share Units



 

 

 



Canadian Dollar Denominated

(thousands of units)

Outstanding DSUs

As at December 31

2016 

 

2015 



 

 

 

Outstanding, Beginning of Year

753 

 

891 

Granted

139 

 

41 

Converted from HPR awards

43 

 

139 

Units, in Lieu of Dividends

 

32 

Redeemed

(21)

 

(350)

Outstanding, End of Year

920 

 

753 



Tandem Stock Appreciation Rights (TSARs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Outstanding Stock Appreciation Rights



 

 

 

 

 

As at December 31

 

2016

2015

(thousands of units)

 

Outstanding TSARs

Weighted Average
Exercise
Price (C$)

Outstanding TSARs

Weighted Average
Exercise
Price (C$)



 

 

 

 

 

Outstanding, Beginning of Year

 

17,369  20.21  20,401  22.30 

Granted

 

4,277  5.56  1,934  14.42 

Exercised - SARs

 

 -

 -

 -

 -

Exercised - Options

 

 -

 -

 -

 -

Forfeited

 

(2,108) 19.62  (2,574) 20.89 

Expired

 

(4,056) 25.26  (2,392) 32.63 

Outstanding, End of Year

 

15,482  14.92  17,369  20.21 

Exercisable, End of Year

 

8,523  18.66  9,981  21.71 



Range Of Exercise Price Of Stock Appreciation Rights



 

 

 

 

 

As at December 31, 2016

Outstanding TSARs

Exercisable TSARs

Range of Exercise Price (C$)

Number of TSARs
(thousands
of units)

Weighted Average Remaining
Contractual
Life (years)

Weighted Average
Exercise
Price (C$)

Number of TSARs
(thousands
of units)

Weighted Average
Exercise
Price (C$)



 

 

 

 

 

0.00 to 9.99

4,225  6.42  5.56 

 -

 -

10.00 to 19.99

7,131  2.42  17.15  5,848  17.74 

20.00 to 29.99

4,126  2.18  20.62  2,675  20.68 



15,482  3.45  14.92  8,523  18.66 



Canadian Dollar [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Outstanding Performance Share Units



 

 

 

 

 

 

 

 



Canadian Dollar Denominated

 

U.S. Dollar Denominated

 

(thousands of units)

Outstanding PUSs

 

Outstanding PUSs

 

As at December 31

2016 

 

2015 

 

2016 

 

2015 

 



 

 

 

 

 

 

 

 

Unvested and Outstanding, Beginning of Year

2,603 

 

1,222 

 

1,025 

 

278 

 

Granted

3,559 

 

1,438 

 

2,245 

 

845 

 

Vested and Released

 -

 

(36)

 

 -

 

(5)

 

Units, in Lieu of Dividends

38 

 

97 

 

21 

 

40 

 

Forfeited

(982)

 

(118)

 

(384)

 

(133)

 

Unvested and Outstanding, End of Year

5,218 

 

2,603 

 

2,907 

 

1,025 

 



Schedule Of Outstanding Restricted Share Units



 

 

 

 

 

 

 

 

 



 

Canadian Dollar Denominated

 

U.S. Dollar Denominated

 

(thousands of units)

 

Outstanding RSUs

 

Outstanding RSUs

 

As at December 31

 

2016 

 

2015 

 

2016 

 

2015 

 



 

 

 

 

 

 

 

 

 

Unvested and Outstanding, Beginning of Year

 

8,114 

 

5,887 

 

5,909 

 

3,110 

 

Granted

 

7,209 

 

3,381 

 

7,826 

 

3,206 

 

Units, in Lieu of Dividends

 

82 

 

306 

 

80 

 

218 

 

Vested and Released

 

(2,840)

 

(206)

 

(1,446)

 

(51)

 

Forfeited

 

(1,567)

 

(1,254)

 

(1,951)

 

(574)

 

Unvested and Outstanding, End of Year

 

10,998 

 

8,114 

 

10,418 

 

5,909 

 



United States Of America Dollars [Member] | Stock Appreciation Rights (SARs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Outstanding Stock Appreciation Rights



 

 

 

 

 

As at December 31

 

2016

2015

(thousands of units)

 

Outstanding SARs

Weighted Average
Exercise
Price (US$)

Outstanding SARs

Weighted Average
Exercise
Price (US$)



 

 

 

 

 

Outstanding, Beginning of Year

 

10,137  20.26  12,264  23.04 

Granted

 

1,453  4.06  1,444  12.30 

Exercised

 

 -

 -

 -

 -

Forfeited

 

(1,464) 18.65  (1,338) 20.00 

Expired

 

(3,405) 25.32  (2,233) 30.58 

Outstanding, End of Year

 

6,721  14.55  10,137  20.26 

Exercisable, End of Year

 

3,782  18.02  6,149  22.49 



Range Of Exercise Price Of Stock Appreciation Rights



 

 

 

 

 

As at December 31, 2016

Outstanding SARs

Exercisable SARs

Range of Exercise Price (US$)

Number of SARs
(thousands
of units)

Weighted Average Remaining
Contractual
Life (years)

Weighted Average
Exercise
Price (US$)

Number of SARs
(thousands
of units)

Weighted Average
Exercise
Price (US$)



 

 

 

 

 

0.00 to 9.99

1,452  6.42  4.06 

 -

 -

10.00 to 19.99

4,753  2.45  16.96  3,413  17.62 

20.00 to 29.99

516  2.13  21.88  369  21.67 



6,721  3.28  14.55  3,782  18.02