SEC Form 4 · accession 0001306830-18-000065
Celanese Corp · CE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott McDougald Sutton
Officer — COO
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 4:39 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 | — | Mar 2, 2018 | A | 3 | A | — | — | Series A Common Stock | 3 | 692 | 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 or shares of Series A Common Stock, 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.