Canadian Pacific Railway Ltd (CP): Bill Ackman Has No Plans to Sell Shares

NAME OF
REPORTING PERSON

Pershing Square Capital Management, L.P.

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

SEC USE ONLY

SOURCE OF FUNDS (SEE INSTRUCTIONS)

OO (See Item 3)

CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

¨

CITIZENSHIP OR PLACE OF
ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER

0

SHARED VOTING POWER

13,940,890

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

13,940,890

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,940,890

CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)

9.1% (1)

TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)

IA