SEC Form 4 · accession 0001225208-16-029570
O-I Glass, Inc. /DE/ · OI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albert P L Stroucken
Officer — Exec. Chairman of the Board · Director
Period of report
Mar 7, 2016
Accepted (ET)
Mar 9, 2016 · 7:27 pm EST
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, 2016 | A | 56,836 | $0.00 | A | 186,488 | D | |
| Common Stock (Direct)F2,F3 | Mar 7, 2016 | S | 56,148 | $14.9399 | D | 130,340 | D | |
| Common Stock (Indirect) | holding | — | — | — | 806,610 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option 03/07/2016 $15.05F4 | $15.05 | Mar 7, 2016 | A | 175,536 | A | Mar 7, 2017 | Mar 7, 2023 | Common Stock (Direct) | 175,536 | 175,536 | D |
Explanation of responses
- F1Restricted shares received by the reporting person on March 7, 2016 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 2013-2015 grant period. The restricted stock units did not constitute derivative securities on the date of grant thereof.
- F2Represents shares sold to satisfy tax withholding obligations incident to the vesting of restricted stock and performance share units.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.77 to $15.10, 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.
- F4The options vest in four equal annual installments beginning on the first anniversary of the date of grant.