SEC Form 4 · accession 0001306830-15-000028
Celanese Corp · CE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel S Sanders
Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 5:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001306830
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | Feb 27, 2015 | A | 27 | A | — | — | Series A Common Stock | 27 | 6,104 | D |
Explanation of responses
- F1Each share of phantom stock represents the right to receive either one share of Series A Common Stock or the cash value of one share of Series A Common Stock.
- F2The reported phantom stock represents dividend equivalents on compensation deferred under the Company's 2008 Deferred Compensation Plan. As provided in the Company's 2008 Deferred Compensation Plan, the reporting person may transfer a portion of the phantom stock account into an alternative investment account at any time, and following the termination of the reporting person's service as a director of the Company, the shares of phantom stock become payable in either cash or shares of Series A Common Stock.