SEC Form 4 · accession 0001127602-17-009827
FERRO CORP · FOE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter T Thomas
Officer — Chairman, President and CEO · Director
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 5:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000035214
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 28, 2017 | M | 56,226 | — | A | 349,158 | D | |
| Common Stock | holding | — | — | — | 1,174 | I | Investment Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitF1,F2 | $0.00 | Feb 28, 2017 | M | 56,226 | D | — | Dec 31, 2016 | Common Stock | 56,226 | 0 | D |
| Performance Share UnitF1 | $0.00 | holding | — | — | — | — | Dec 31, 2019 | Common Stock | 103,500 | 103,500 | D |
| Performance Share UnitF1 | $0.00 | holding | — | — | — | — | Dec 31, 2017 | Common Stock | 124,200 | 124,200 | D |
| Performance Share UnitF1 | $0.00 | holding | — | — | — | — | Dec 31, 2018 | Common Stock | 158,200 | 158,200 | D |
| Phantom SharesF3 | — | holding | — | — | — | — | — | Common Stock | 107,293 | 107,293 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Apr 24, 2016 | Apr 24, 2016 | Common Stock | 17,480 | 17,480 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Feb 20, 2017 | Feb 20, 2017 | Common Stock | 46,100 | 46,100 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Dec 29, 2017 | Dec 29, 2017 | Common Stock | 100,000 | 100,000 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Feb 17, 2019 | Feb 17, 2019 | Common Stock | 63,300 | 63,300 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Feb 15, 2020 | Feb 15, 2020 | Common Stock | 41,400 | 41,400 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Feb 23, 2016 | Feb 23, 2016 | Common Stock | 32,800 | 32,800 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Feb 18, 2018 | Feb 18, 2018 | Common Stock | 49,700 | 49,700 | D |
| Stock Options (Right to Buy) | $17.26 | holding | — | — | — | Feb 28, 2009 | Feb 28, 2018 | Common Stock | 25,000 | 25,000 | D |
| Stock Options (Right to Buy) | $8.25 | holding | — | — | — | Feb 25, 2011 | Feb 25, 2020 | Common Stock | 45,000 | 45,000 | D |
| Stock Options (Right to Buy) | $7.02 | holding | — | — | — | Apr 24, 2014 | Apr 24, 2023 | Common Stock | 98,800 | 98,800 | D |
| Stock Options (Right to Buy) | $1.37 | holding | — | — | — | Feb 25, 2010 | Feb 25, 2019 | Common Stock | 20,033 | 20,033 | D |
| Stock Options (Right to Buy) | $15.16 | holding | — | — | — | Feb 24, 2012 | Feb 24, 2021 | Common Stock | 38,000 | 38,000 | D |
| Stock Options (Right to Buy) | $6.84 | holding | — | — | — | Feb 23, 2013 | Feb 23, 2022 | Common Stock | 45,500 | 45,500 | D |
| Stock Options (Right to Buy) | $5.29 | holding | — | — | — | Feb 21, 2014 | Feb 21, 2023 | Common Stock | 68,800 | 68,800 | D |
| Stock Options (Right to Buy) | $13.09 | holding | — | — | — | Feb 20, 2015 | Feb 20, 2024 | Common Stock | 95,300 | 95,300 | D |
| Stock Options (Right to Buy) | $12.33 | holding | — | — | — | Feb 18, 2016 | Feb 18, 2025 | Common Stock | 107,300 | 107,300 | D |
| Stock Options (Right to Buy) | $9.60 | holding | — | — | — | Feb 17, 2017 | Feb 17, 2026 | Common Stock | 185,700 | 185,700 | D |
| Stock Options (Right to Buy) | $14.27 | holding | — | — | — | Feb 15, 2018 | Feb 15, 2027 | Common Stock | 123,300 | 123,300 | D |
Explanation of responses
- F1Performance Share Units granted as a performance award, vesting based upon degree of acheivement of performance goal. At the end of the performance period, 50% of award is paid in common shares free of restrictions, and 50% is paid in cash. If the final amount is less than 100% of the share units, the balance is forfeited to the company.
- F2The remaining 58,874 Performance Share Units of the original grant were forfeited.
- F3Represent phantom shares awarded under the Company's Supplemental Defined Contribution Plan for Executive Employees.
- F4The date reflected above as the Date Exercisable is the scheduled vesting date of the Restricted Share Units. Once vested, settlement of the Restricted Share Units and delivery of common shares is subject to an additional two-year holding period.