Edgar Filing: Buckley Guy G.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Buckley Guy G.

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2012

3. Issuer Name and Ticker or Trading Symbol
Spectra Energy Corp. [SE]

(Last)

(First)

(Middle)

5400 WESTHEIMER COURT

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Treasurer

5. If Amendment, Date Original Filed(Month/Day/Year)
01/05/2012

(Street)

HOUSTON,Â TXÂ 77056

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6,768.804	D	Â
Retirement Savings Plan (RSP)	594.2576	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Ltip Phantom Stock Grant Feb 2009	02/24/2012	02/24/2012⁽²⁾	Common Stock	8,400	$ ⁽¹⁾	D	Â
Ltip Phantom Stock Grant Feb 2010	02/23/2013	02/23/2013⁽²⁾	Common Stock	6,100	$ ⁽¹⁾	D	Â
LTIP Phantom Stock Grant Feb 2011	02/22/2014	02/22/2014⁽²⁾	Common Stock	4,500	$ ⁽¹⁾	D	Â
LTIP Phantom Stock Grant Jan 2012	01/03/2015	01/03/2015⁽²⁾	Common Stock	10,000	$ ⁽¹⁾	D	Â
Performance Shares Feb 2009	02/24/2012	Â ⁽⁴⁾	Common Stock	9,000	$ ⁽³⁾	D	Â
Performance Shares Feb 2010	02/23/2013	Â ⁽⁴⁾	Common Stock	6,500	$ ⁽³⁾	D	Â
Performance Shares Feb 2011	02/22/2014	Â ⁽⁴⁾	Common Stock	3,600	$ ⁽³⁾	D	Â
Phantom Stock Esp	Â ⁽⁵⁾	Â ⁽⁴⁾	Common Stock	2,478.3695	$ ⁽¹⁾	I	By Trustee Executive Savings Plan

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Buckley Guy G. 5400 WESTHEIMER COURT HOUSTON,Â TXÂ 77056	Â	Â	Â Treasurer	Â

Signatures

/s/ Emily L. Strait, attorney-in-fact for Mr. Buckley		02/17/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Converts to Common Stock on a 1-for-1 basis.
(2)	Grant cliff vests 3 years from date of Grant.
(3)	Converts to Common Stock on a 1-for-1 basis. The number of performance shares that vest is based on the achievement of a specified total shareholder return for Spectra Energy Corp Common Stock.
(4)	Expiration date not applicable.
(5)	Payable upon termination of employment or occurence of other events as specified in the Spectra Energy Corp Executive Savings Plan, subject to holding periods required by law.

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