SEC Form 4 · accession 0001306830-15-000168
Celanese Corp · CE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott McDougald Sutton
Officer — EVP & Pres, Materials Solution
Period of report
Nov 12, 2015
Accepted (ET)
Nov 16, 2015 · 5:21 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 StockF3,F1,F2 | — | Nov 12, 2015 | A | 3 | A | — | — | Series A Common Stock | 3 | 622 | D |
Explanation of responses
- F1Each share of phantom stock represents the right to receive 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 (the "Plan"). As provided by the Plan, the reporting person may transfer the phantom stock account into an alternative investment account at any time. The shares of phantom stock become payable in cash, subject to certain conditions, on the earlier of the date previously elected by the reporting person to receive payment or the reporting person's termination of employment.
- F3Includes 53.924 additional shares of phantom stock representing compensation deferred under the Plan acquired through biweekly payroll deduction at various prices at market value ranging from approximately $58.97 to $71.05 since the reporting person's last ownership report reporting a derivative transaction.