SEC Form 4 · accession 0000902274-16-000256
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy T Paige
Officer — Vice President-Human Resources
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 5:32 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | Feb 25, 2016 | A | 7,289 | $17.13 | A | 10,245 | D | |
| Common Stock | holding | — | — | — | 28,410 | D | ||
| Common StockF2 | holding | — | — | — | 18,817 | I | By 401k Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ - Stock Option (Right to Buy)F3 | $17.13 | Feb 25, 2016 | A | 15,417 | A | Feb 17, 2017 | Feb 25, 2026 | Common Shares | 15,417 | 15,417 | D |
| Non-Qualified Stock Option (right to buy)F4 | $10.13 | holding | — | — | — | Feb 11, 2011 | Feb 11, 2020 | Common Stock | 5,487 | 5,487 | D |
| NQ - Stock Option (Right to Buy)F4 | $23.02 | holding | — | — | — | Feb 24, 2015 | Feb 24, 2024 | Common Stock | 6,017 | 6,017 | D |
| Non-Qualified Stock Option (right to buy)F4 | $15.35 | holding | — | — | — | Feb 15, 2009 | Feb 15, 2018 | Common Stock | 3,995 | 3,995 | D |
| Non-Qualified Stock Option (right to buy)F5 | $12.80 | holding | — | — | — | — | Feb 17, 2017 | Common Stock | 2,632 | 2,632 | D |
| Non-Qualified Stock Option (right to buy)F4 | $19.02 | holding | — | — | — | Feb 22, 2014 | Feb 22, 2023 | Common Stock | 6,818 | 6,818 | D |
| Non-Qualified Stock Option (right to buy)F4 | $13.95 | holding | — | — | — | Feb 17, 2013 | Feb 17, 2022 | Common Stock | 4,478 | 4,478 | D |
| Non-Qualified Stock Option (right to buy)F4 | $1.07 | holding | — | — | — | Feb 12, 2010 | Feb 12, 2019 | Common Stock | 1,207 | 1,207 | D |
| NQ - Stock Option (Right to Buy)F6 | $38.06 | holding | — | — | — | Feb 17, 2016 | Mar 2, 2025 | Common Stock | 4,417 | 4,417 | D |
| NQ - Stock Option (Right to Buy) | $38.06 | holding | — | — | — | Feb 17, 2016 | Mar 2, 2025 | Common Stock | 4,417 | 4,417 | D |
| Non-Qualified Stock Option (right to buy)F4 | $17.00 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2021 | Common Stock | 3,511 | 3,511 | D |
Explanation of responses
- F1Restricted stock units will vest 25% on February 17th of each of 2017, 2018, 2019 and 2020 provided the grantee remains continuously employed by the Company as of those respective dates.
- F2The information reported herein is based upon information received from the record keeper of the Libbey Inc. 401k/104m plan. The Libbey Inc. shares attributed to the participant in this report as being held by the plan are the equivalent number of the shares the participant would receive of his entire Libbey Inc. share account if it was distributed to him in Libbey Inc. shares. The actual account in the plan consists of the Libbey Inc. shares and cash.
- F3The options become exercisable for 25% of the shares on February 17th of each of 2017, 2018, 2019 and 2020 provided the grantee remains continuously employed by the Company as of those respective dates.
- F4The options become exercisable for 25% of the shares on each of the first, second, third, and fourth anniversary dates.
- F5There were two grants on February 16, 2007. The grant of 4,504 options become exercisable for 25% of the shares on each of the first, second, third and fourth anniversary dates. The grant of 4,128 options become exercisable for 33% of the shares on the first, second and third anniversary dates.
- F6The 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.