SEC Form 4 · accession 0001562180-17-003876
FERRO CORP · FOE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Schlater
Officer — Chief Financial Officer
Period of report
Dec 12, 2017
Accepted (ET)
Dec 14, 2017 · 4:27 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 Stock | Dec 12, 2017 | M | 6,495 | $11.97 | A | 6,495 | D | |
| Common Stock | Dec 12, 2017 | M | 4,634 | $9.60 | A | 11,129 | D | |
| Common Stock | Dec 12, 2017 | M | 1,534 | $13.35 | A | 12,663 | D | |
| Common StockF1 | Dec 12, 2017 | S | 12,663 | $23.5044 | D | 0 | D |
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) | $13.35 | Dec 12, 2017 | M | 1,534 | D | Sep 1, 2017 | Sep 1, 2026 | Common Stock | 1,534 | 3,066 | D |
| Stock Options (Right to Buy) | $11.97 | Dec 12, 2017 | M | 6,495 | D | Sep 1, 2016 | Sep 1, 2025 | Common Stock | 6,495 | 3,247 | D |
| Stock Options (Right to Buy) | $9.60 | Dec 12, 2017 | M | 4,634 | D | Feb 17, 2017 | Feb 17, 2026 | Common Stock | 4,634 | 9,266 | D |
| Performance Share UnitF2 | $0.00 | holding | — | — | — | — | Dec 31, 2017 | Common Stock | 9,190 | 9,190 | D |
| Performance Share UnitF2 | $0.00 | holding | — | — | — | — | Dec 31, 2018 | Common Stock | 3,800 | 3,800 | D |
| Performance Share UnitF2 | $0.00 | holding | — | — | — | — | Dec 31, 2019 | Common Stock | 17,300 | 17,300 | D |
| Phantom SharesF3 | — | holding | — | — | — | — | — | Common Stock | 1,434 | 1,434 | D |
| Restricted Share Unit | $0.00 | holding | — | — | — | Sep 1, 2018 | Sep 1, 2018 | Common Stock | 12,030 | 12,030 | D |
| Restricted Share Unit | $0.00 | holding | — | — | — | Feb 17, 2019 | Feb 17, 2019 | Common Stock | 4,700 | 4,700 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Sep 1, 2019 | Sep 1, 2019 | Common Stock | 1,500 | 1,500 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | Feb 15, 2020 | Feb 15, 2020 | Common Stock | 6,900 | 6,900 | D |
| Stock Options (Right to Buy) | $14.27 | holding | — | — | — | Feb 15, 2018 | Feb 15, 2027 | Common Stock | 20,600 | 20,600 | D |
Explanation of responses
- F1Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $23.5-$23.505. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F2Performance Share Units granted as a performance award, vesting based upon degree of achievement 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.
- 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.