SEC Form 4 · accession 0000902274-17-000142
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Nave
Director
Period of report
Nov 1, 2017
Accepted (ET)
Nov 2, 2017 · 4:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000902274
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF3,F1,F2 | — | Nov 1, 2017 | A | 1,912 | A | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 1,912 | 4,769 | D |
Explanation of responses
- F1The phantom stock units convert to common stock on a 1-for-1 basis.
- F2Phantom stock units acquired under the Libbey director's deferred compensation plan (the "Plan"), a 16b-3 plan, in lieu of cash compensation earned as a director for board and board committee service. Each phantom stock unit is the economic equivalent of one share of Libbey Inc. common stock. The number of phantom stock units acquired is equivalent to the dollar value of the compensation earned based on the market value of Libbey Inc. shares at the time the compensation was earned. The market value of Libbey Inc. shares is the closing price of the Libbey Inc. shares on the New York Stock Exchange on the day the compensation is earned. The units earned are settled in cash at such time as prescribed by the Plan.
- F3Total includes 40.998 phantom stock units acquired on August 22, 2017 under the Plan's dividend-equivalent reinvestment feature.