SEC Form 4 · accession 0000902274-15-000187
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephanie A Streeter
Officer — Chief Executive Officer · Director
Period of report
Nov 10, 2015
Accepted (ET)
Nov 10, 2015 · 1:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000902274
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 10, 2015 | P | 2,500 | $25.35 | A | 141,644 | D | |
| Restricted Stock Units | holding | — | — | — | 25,985 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | $23.02 | holding | — | — | — | Feb 24, 2015 | Feb 24, 2024 | Common Stock | 39,515 | 39,515 | D |
| Restricted Stock UnitsF2 | — | holding | — | — | — | — | — | Common Stock | 115,687 | 115,687 | D |
| Share Appreciation RightF3 | $21.29 | holding | — | — | — | Dec 31, 2018 | Dec 16, 2023 | Common Stock | 240,829 | 240,829 | D |
| NQ - Stock Option (Right to Buy) | $38.06 | holding | — | — | — | Feb 17, 2016 | Mar 2, 2025 | Common Stock | 35,094 | 35,094 | D |
| Non-Qualified Stock Option (right to buy)F1 | $13.95 | holding | — | — | — | Feb 17, 2013 | Feb 17, 2022 | Common Stock | 24,419 | 24,419 | D |
| Non-Qualified Stock Option (right to buy)F1 | $19.02 | holding | — | — | — | Feb 22, 2014 | Feb 22, 2023 | Common Stock | 44,154 | 44,154 | D |
| NQ - Stock Option (Right to Buy)F4 | $38.06 | holding | — | — | — | Feb 17, 2016 | Mar 2, 2025 | Common Stock | 35,094 | 35,094 | D |
| Non-Qualified Stock Option (right to buy)F5 | $15.47 | holding | — | — | — | Jun 30, 2012 | Jul 29, 2021 | Common Stock | 30,382 | 30,382 | D |
Explanation of responses
- F1The options become exercisable for 25% of the shares on each of the first, second, third, and fourth anniversary dates.
- F2Each retention restricted stock unit ("Retention RSU") vests on December 31, 2018. When vested, each Retention RSU will entitle Ms. Streeter to a payment in cash equal to the amount of the closing price of a share of Libbey Inc. common stock on the vesting date.
- F3Each retention share appreciation right ("Retention SAR") vests on December 31, 2018 and expires on December 16, 2023. When exercised, each Retention SAR will entitle Ms. Streeter to a payment in cash equal to the amount, if any, by which the closing price of a share of Libbey Inc. common stock on the date of exercise exceeds $21.29.
- F4The options become exercisable for 25% of the shares on February 17th of each of 2016, 2017, 2018 and 2019 provided the grantee remains continuously employed by the Company as of those respective dates.
- F5The options become exercisable for 25% of the shares on June 30, 2012, June 30, 2013, June 30, 2014 and June 30, 2015.