SEC Form 4 · accession 0001225208-16-027024
LyondellBasell Industries N.V. · LYB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B Allen Jr.
Officer — VP Finance
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 6:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001489393
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A ordinary sharesF1,F2 | Feb 16, 2016 | A | 2,239 | $0.00 | A | 7,982 | D | |
| Class A ordinary sharesF2 | Feb 16, 2016 | A | 1,024 | $0.00 | A | 9,006 | D | |
| Class A ordinary sharesF3,F2 | Feb 16, 2016 | F | 650 | $77.93 | D | 8,356 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opt - Stock OptionF4 | $77.93 | Feb 16, 2016 | A | 3,970 | A | — | Feb 16, 2026 | Class A ordinary shares | 3,970 | 3,970 | D |
Explanation of responses
- F1Represents shares earned in connection with the qualified performance-based stock previously granted and unreportable on February 12, 2013 pursuant to the issuer's long-term incentive plan. Shares were earned based upon the level of attainment of certain performance objectives and continued employment. These shares fully vested on February 16, 2016 following certification by the Issuer's compensation committee.
- F2Includes 6,367 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 875 granted on February 20, 2014 that vest on February 20, 2017; 2,450 granted on January 28, 2013 that vest on January 28, 2018; 1,148 granted on February 12, 2013 that vest on February 12, 2018 and 870 granted on February 17, 2015 that vest on February 17, 2018. The 1,024 RSUs reported on this Form 4 vest on February 16, 2019.
- F3Represents shares required to satisfy tax withholding obligations in connection with the vesting of 2,239 shares of qualified performance-based stock granted to the Reporting Person on February 12, 2013.
- F4Granted pursuant to the issuer's long-term incentive plan. Award vests as follows: 1,324 vest in on February 16, 2017; 1,323 vest on February 16, 2018 and 1,323 vest on February 16, 2019.