SEC Form 4 · accession 0001562180-18-001187
LyondellBasell Industries N.V. · LYB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bhavesh V. Patel
Officer — Chief Executive Officer
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 4:05 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 21, 2018 | F | 18,048 | $109.09 | D | 139,640 | D | |
| Class A Ordinary SharesF2 | Feb 21, 2018 | A | 27,071 | $0.00 | A | 166,711 | D | |
| Class A Ordinary SharesF3,F2 | Feb 21, 2018 | A | 45,864 | $109.09 | A | 212,575 | D | |
| Class A ordinary shares | holding | — | — | — | 61,810 | I | By Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F4 | $109.09 | Feb 21, 2018 | A | 136,656 | A | — | Feb 21, 2028 | Class A Ordinary Shares | 136,656 | 136,656 | D |
Explanation of responses
- F1Represents shares required to satisfy tax withholding obligations in connection with the vesting of 45,864 shares of performance-based stock granted to the Reporting Person on February 17, 2015.
- F2Includes 130,756 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 23,638 granted on January 12, 2015 that vest on January 12, 2019; 23,637 granted on January 12, 2015 that vest on January 12, 2020; 26,066 granted on February 16, 2016 that vest on February 16, 2019 and 30,344 granted on February 16, 2017 that vest on February 16, 2020. The 27,071 RSUs reported on this Form 4 vest on February 21, 2021.
- F3Represents shares earned in connection with the performance-based stock previously granted and unreportable on February 17, 2015 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 21, 2018 following certification by the Issuer's compensation committee.
- 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 21, 2018.