SEC Form 4 · accession 0000902274-16-000290
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H White
Officer — VP, Chief Operating Officer
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 5:02 pm EDT
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 | Mar 31, 2016 | F | 5,151 | $18.60 | D | 57,101 | D | |
| Restricted Stock UnitsF2 | Mar 31, 2016 | J | 26,250 | $18.60 | D | 30,851 | D | |
| Restricted Stock UnitsF3 | Mar 31, 2016 | J | 6,155 | $18.60 | D | 24,696 | D | |
| Restricted Stock UnitsF4 | Mar 31, 2016 | J | 14,283 | $18.60 | D | 10,413 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $37.23 | Mar 31, 2016 | J | 9,228 | D | — | — | Common Shares | 9,228 | 3,077 | D |
| NQ - Stock Option (Right to Buy)F6 | $17.13 | Mar 31, 2016 | J | 30,210 | D | — | — | Common Shares | 30,210 | 10,071 | D |
Explanation of responses
- F1Reflects shares withheld to satisfy tax withholding obligations on restricted stock units that vested.
- F2Reporting Person left the employ of the Issuer on March 31, 2016 (the "Separation Date"). Pursuant to the terms of the Restricted Stock Unit Agreement (the "RSU Agreement") between the Issuer and the Reporting Person, 26,250 of the restricted stock units awarded on August 3, 2015 have been forfeited. The remaining 8,750 restricted stock units vested on the Separation Date and shall be issued to the Reporting Person pursuant to the RSU Agreement.
- F3Reporting Person left the employ of the Issuer on March 31, 2016 (the "Separation Date"). Pursuant to the terms of the Restricted Stock Unit Agreement (the "RSU Agreement") between the Issuer and the Reporting Person, 6,155 of the restricted stock units awarded on August 3, 2015 have been forfeited. The remaining 2,052 restricted stock units vested on the Separation Date and shall be issued to the Reporting Person pursuant to the RSU Agreement.
- F4Reporting Person left the employ of the Issuer on March 31, 2016 (the "Separation Date"). Pursuant to the terms of the Restricted Stock Unit Agreement (the "RSU Agreement") between the Issuer and the Reporting Person, 14,283 of the restricted stock units awarded on February 25, 2016 have been forfeited. The remaining 4,762 restricted stock units vested on the Separation Date and shall be issued to the Reporting Person pursuant to the RSU Agreement.
- F5Reporting Person left the employ of the Issuer on March 31, 2016 (the "Separation Date"). Pursuant to the terms of the Nonqualified Stock Option Agreement (the "Option Agreement") executed in connection with the option grant made by the Issuer to the Reporting Person on August 3, 2015, options to purchase 3,077 shares of the Issuer's common stock (the "Stock") vested on the Separation Date, expiring on June 30, 2016, and the options to purchase the remaining 9,228 unvested shares of stock were forfeited.
- F6Reporting Person left the employ of the Issuer on March 31, 2016 (the "Separation Date"). Pursuant to the terms of the Nonqualified Stock Option Agreement (the "Option Agreement") executed in connection with the option grant made by the Issuer to the Reporting Person on February 25, 2016, options to purchase 10,071 shares of the Issuer's common stock (the "Stock") vested on the Separation Date, expiring on June 30, 2016, and the options to purchase the remaining 30,210 unvested shares of stock were forfeited.