SEC Form 4 · accession 0001225208-15-007493
O-I Glass, Inc. /DE/ · OI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James W Baehren
Officer — Sr. VP & General Counsel
Period of report
Mar 7, 2015
Accepted (ET)
Mar 10, 2015 · 9:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000812074
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock (Direct)F1 | Mar 7, 2015 | A | 13,222 | $0.00 | A | 74,313 | D | |
| Common Stock (Direct)F2 | Mar 7, 2015 | A | 6,253 | $0.00 | A | 80,566 | D | |
| Common Stock (Direct)F3 | Mar 7, 2015 | A | 3,900 | $0.00 | A | 84,466 | D | |
| Common Stock (Direct)F4,F5 | Mar 9, 2015 | S | 19,616 | $23.7953 | D | 64,850 | D | |
| Common Stock (Indirect) | holding | — | — | — | 19,234 | I | By 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option 03/07/2015 $23.99F6 | $23.99 | Mar 7, 2015 | A | 18,892 | A | — | Mar 7, 2022 | Common Stock (Direct) | 18,892 | 18,892 | D |
Explanation of responses
- F1Restricted shares received by the reporting person on March 7, 2015 pursuant to action taken on that date by the Company's Compensation Committee determining the number of shares payable to the reporting person under certain restricted stock units granted for the 2012-2014 grant period. The restricted stock units did not constitute derivative securities on the date of grant thereof.
- F2The shares are subject to restictions on sale that expire, either (i) as to 25% of the shares on each of the four anniversaries of the date of grant of such shares, or (ii) in their entirety upon the grantee's death or disability prior to a termination of employment.
- F3The shares are subject to restrictions on sale that expire, either (i) as to 50% of the shares on each of the first two year anniversaries of the date of grant of such shares, or (ii) in their entirety upon the grantee's death or disability prior to a termination of employment.
- F4Represents shares sold in part to satisfy tax withholding obligations incident to the vesting of restricted stock units.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.72 to $23.97, inclusive. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F6The option vests in four equal annual installments beginning on the first anniversary of the date of the grant.