SEC Form 4/A · accession 0001225208-16-027630
LyondellBasell Industries N.V. · LYB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Bhavesh V. Patel
Officer — Chief Executive Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 23, 2016 · 5:16 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 | Feb 16, 2016 | A | 26,066 | $0.00 | A | 141,533 | D | |
| Class A ordinary sharesF2,F1 | Feb 16, 2016 | A | 5,143 | $0.00 | A | 146,676 | D | |
| Class A ordinary sharesF3,F1 | Feb 16, 2016 | F | 1,696 | $77.93 | D | 144,980 | 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 | 101,108 | A | — | Feb 16, 2026 | Class A ordinary shares | 101,108 | 101,108 | D |
Explanation of responses
- F1Includes 131,146 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; 14,183 granted on January 12, 2015 that vest on January 12, 2017; 23,638 granted on January 12, 2015 that vest on January 12, 2018; 23,637 granted on January 12, 2015 that vest on January 12, 2019; 23,637 granted on January 12, 2015 that vest on January 12, 2020 and 19,110 granted on February 17, 2015 that vest on February 17, 2018. The 26,066 RSUs reported on this Form 4 vest on February 16, 2019.
- F2Represents 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.
- F3Represents shares required to satisfy tax withholding obligations in connection with the vesting of 5,143 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: 33,704 vest in on February 16, 2017; 33,702 vest on February 16, 2018 and 33,702 vest on February 16, 2019.
Remarks
Due to an administrative error, this Form 4 corrects the number of shares acquired by the Reporting Person which was 26,066 and not 22,056 and corrects the stock options granted which was 101,108 not 85,553 as reported on the Form 4 filed on February 18, 2016. The beneficial ownership amounts and Footnotes 1 and 5 have been adjusted accordingly.