SEC Form 4 · accession 0001306830-18-000183
Celanese Corp · CE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Brown
Director
Period of report
May 13, 2016
Accepted (ET)
Aug 7, 2018 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001306830
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Common StockF1 | May 13, 2016 | J | 3 | — | A | 1,475 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2,F3 | — | Aug 6, 2018 | A | 18 | A | — | — | Series A Common Stock | 18 | 3,903 | D |
Explanation of responses
- F1Represents shares acquired by the reporting person quarterly between May 13, 2016 and May 11, 2018 under an automatic cash dividend reinvestment program through his broker that has been terminated, at prices ranging from $70.73 to $109.60. Due to the nature and de minimis size of these transactions, the reporting person inadvertently failed to report these transactions under Section 16(a). The reporting person will provide to the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares acquired at each price.
- F2Each share of phantom stock represents the right to receive one share of Series A Common Stock.
- F3The reported phantom stock represents dividend equivalents on compensation deferred under the Company's 2008 Deferred Compensation Plan (the "Plan"). The shares of phantom stock become payable in shares of Series A Common Stock, as provided in the Plan, following the termination of the reporting person's service as a director of the Company.