SEC Form 4 · accession 0001225208-17-004030
LyondellBasell Industries N.V. · LYB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Kaplan
Officer — EVP & Chief Legal Officer
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 7:34 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, 2017 | A | 3,324 | $0.00 | A | 14,297 | D | |
| Class A ordinary sharesF2,F1 | Feb 16, 2017 | A | 1,081 | $0.00 | A | 15,378 | D | |
| Class A ordinary sharesF3,F1 | Feb 16, 2017 | F | 320 | $92.69 | D | 15,058 | 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 | $92.69 | Feb 16, 2017 | A | 14,304 | A | — | Feb 16, 2027 | Class A ordinary shares | 14,304 | 14,304 | D |
Explanation of responses
- F1Includes 9,042 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan including 1,689 granted on February 17, 2015 that vest on February 17, 2018; 761 granted on May 7, 2015 that vest on May 7, 2018 and 3,268 granted on February 26, 2016 that vest on February 16, 2019. The 3,324 RSUs reported on this Form 4 vest on February 16, 2020.
- F2Represents shares earned in connection with the performance-based stock previously granted and unreportable on February 20, 2014 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, 2017 following certification by the Issuer's compensation committee.
- F3Represents shares required to satisfy tax withholding obligations in connection with the vesting of 1,081 shares of performance-based stock granted to the Reporting Person on February 20, 2014.
- F4Granted pursuant to the issuer's long-term incentive plan. Award vests in three equal installments on the 1st, 2nd and 3rd anniversaries of the date of grant of February 16, 2017.