SEC Form 4 · accession 0000902274-16-000384
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carol B Moerdyk
Director
Period of report
Nov 23, 2016
Accepted (ET)
Nov 23, 2016 · 11:18 am 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 | holding | — | — | — | 38,095 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F2 | $0.00 | Nov 23, 2016 | A | 114 | A | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 114 | 19,178 | D |
Explanation of responses
- F1The phantom stock units, acquired in lieu of cash compensation earned as a director for board and board committee service or in lieu of cash dividends on the deferred phantom stock units, were settled in cash on January 1, 2009 per the director's elected settlement date. (The number of units (each equivalent to one common share of Libbey Inc.) acquired are equivalent to the dollar value of the compensation earned based on the market value of Libbey Inc. shares at the time the compensation is earned or the dividend paid. The market value of Libbey Inc. shares is the closing price of the Libbey Inc. shares on the New York Stock Exchange on the last trading day prior to the day the compensation is earned or the dividend is paid.)
- F2The phantom stock units under the Libbey Inc. directors deferred compensation plan are to be settled in cash upon the reporting persons retirement. The plan is a 16b(3) plan. The reporting person acquired 114.3640 units equal to one share per unit on November 23, 2016 in lieu of compensation for a dividend payment. Units were acquired on November 23, 2016 at $19.17 per unit