SEC Form 4 · accession 0000902274-16-000372
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
Aug 31, 2016
Accepted (ET)
Aug 31, 2016 · 8:52 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Aug 31, 2016 | J | 1,321 | $17.73 | D | 17,213 | D | |
| Common StockF3 | Aug 31, 2016 | F | 932 | $17.73 | D | 16,281 | D | |
| Restricted Stock UnitsF4 | Aug 31, 2016 | J | 1,634 | $17.73 | D | 8,611 | D | |
| Restricted Stock UnitsF5 | Aug 31, 2016 | J | 5,466 | $17.73 | D | 3,145 | D | |
| Restricted Stock UnitsF3 | Aug 31, 2016 | F | 874 | $17.73 | D | 2,271 | D | |
| Common StockF1 | holding | — | — | — | 19,265 | I | By 401k Plan | |
| Restricted Stock Units | holding | — | — | — | 10,245 | D |
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)F8 | $17.13 | Aug 31, 2016 | J | 11,562 | D | Feb 17, 2017 | Feb 25, 2026 | Common Shares | 11,562 | 3,855 | D |
| NQ - Stock Option (Right to Buy)F9 | $23.02 | Aug 31, 2016 | J | 1,504 | D | Feb 24, 2015 | Feb 24, 2024 | Common Stock | 1,504 | 4,513 | D |
| NQ - Stock Option (Right to Buy)F10 | $38.06 | Aug 31, 2016 | J | 2,208 | D | Feb 17, 2016 | Mar 2, 2025 | Common Stock | 2,208 | 2,209 | D |
| Non-Qualified Stock Option (right to buy)F6 | $10.13 | holding | — | — | — | Feb 11, 2011 | Feb 11, 2020 | Common Stock | 2,475 | 2,475 | D |
| Non-Qualified Stock Option (right to buy)F6 | $15.35 | holding | — | — | — | Feb 15, 2009 | Feb 15, 2018 | Common Stock | 3,995 | 3,995 | D |
| Non-Qualified Stock Option (right to buy)F7 | $19.02 | holding | — | — | — | Feb 22, 2014 | Feb 22, 2023 | Common Stock | 6,818 | 6,818 | D |
| Non-Qualified Stock Option (right to buy)F6 | $13.95 | holding | — | — | — | Feb 17, 2013 | Feb 17, 2022 | Common Stock | 4,478 | 4,478 | D |
| Non-Qualified Stock Option (right to buy)F6 | $17.00 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2021 | Common Stock | 3,511 | 3,511 | D |
Explanation of responses
- F1The 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.
- F10As of August 31, 2016 Reporting Person departed as Vice President-Human Resources. 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 March 2, 2015, options to purchase 1,104 shares of the Issuer's common stock (the "Stock") will accelerate and become fully vested on August 31, 2016, expiring on December 30, 2016, and the options to purchase the remaining 2,208 unvested shares of stock were forfeited.
- F2After August 31, 2016 reporting person is no longer subject to Section 16 of the Securities Exchange Act of 1934 (Exchange Act). Pursuant to the terms of the Restricted Stock Unit Agreement (the "RSU Agreement") between the Issuer and the Reporting Person 1,321 of the restricted stock units awarded on February 24, 2014 have been forfeited. The remaining 1,321 restricted stock units will accelerate and become fully vested on August 31, 2016 and shall be issued to the Reporting Person pursuant to the RSU Agreement.
- F3Reflects shares withheld to satisfy tax withholding obligations on restricted stock units that vested.
- F4After August 31, 2016 reporting person is no longer subject to Section 16 of the Securities Exchange Act of 1934 (Exchange Act). Pursuant to the terms of the Restricted Stock Unit Agreement (the "RSU Agreement") between the Issuer and the Reporting Person, 1,634 of the restricted stock units awarded on March 2, 2015 have been forfeited. The remaining 818 restricted stock units will accelerate and become fully vested on August 31, 2016 and shall be issued to the Reporting Person pursuant to the RSU Agreement.
- F5After August 31, 2016 reporting person is no longer subject to Section 16 of the Securities Exchange Act of 1934 (Exchange Act). Pursuant to the terms of the Restricted Stock Unit Agreement (the "RSU Agreement") between the Issuer and the Reporting Person, 5,466 of the restricted stock units awarded on February 25, 2016 have been forfeited. The remaining 1,823 restricted stock units will accelerate and become fully vested on August 31, 2016 and shall be issued to the Reporting Person pursuant to the RSU Agreement.
- F6The options become exercisable for 25% of the shares on each of the first, second, third, and fourth anniversary dates.
- F7After August 31, 2016 reporting person is no longer subject to Section 16 of the Securities Exchange Act of 1934 (Exchange Act). 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 22, 2013, options to purchase 1,704 shares of the Issuer's common stock (the "Stock") will accelerate and become fully vested on August 31, 2016.
- F8As of August 31, 2016 Reporting Person departed as Vice President-Human Resources. 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 3,855 shares of the Issuer's common stock (the "Stock") will accelerate and become fully vested on August 31, 2016, expiring on December 30, 2016, and the options to purchase the remaining 11,562 unvested shares of stock were forfeited.
- F9After August 31, 2016 reporting person is no longer subject to Section 16 of the Securities Exchange Act of 1934 (Exchange Act). 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 24, 2014, options to purchase 1,504 shares of the Issuer's common stock (the "Stock") will accelerate and become fully vested on August 31, 2016, and the options to purchase the remaining 1,504 unvested shares of stock were forfeited.