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 |
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|
|
|
|
|
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 |
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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)
|
|
5
|
|
$
|
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.
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|
Liability for Share-Based Payment Transactions |
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|
|
|
|
|
|
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For the years ended December 31
|
|
2016
|
|
|
2015
|
|
2014
|
Liability for Cash-Settled Share-Based Payment Transactions:
|
|
|
|
|
|
|
|
Unvested
|
$
|
171
|
|
$
|
47
|
$
|
78
|
Vested
|
|
37
|
|
|
4
|
|
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
|
6
|
|
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 |
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|
|
|
|
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|
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|
|
|
|
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
|
|