SEC Form 4 · accession 0001225208-16-029571
O-I Glass, Inc. /DE/ · OI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vitaliano Torno
Officer — President, O-I Europe
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 | 5,724 | $0.00 | A | 23,739 | D | |
| Common Stock (Direct)F2 | Mar 7, 2016 | A | 1,181 | $0.00 | A | 24,920 | D |
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 $15.05F3 | $15.05 | Mar 7, 2016 | A | 17,299 | A | Mar 7, 2017 | Mar 7, 2023 | Common Stock (Direct) | 17,299 | 17,299 | D |
Explanation of responses
- F1The shares are subject to restrictions 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.
- F2Restricted 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.
- F3The options vest in four equal annual installments beginning on the first anniversary of the date of grant.