SEC Form 4 · accession 0000902274-18-000035
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan A Kovach
Officer — VP,General Counsel & Secretary
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 4:13 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 28, 2018 | A | 21,699 | $0.00 | A | 35,757 | D | |
| Common Stock | holding | — | — | — | 36,857 | 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) | $17.13 | holding | — | — | — | Feb 17, 2017 | Feb 25, 2026 | Common Shares | 16,353 | 16,353 | D |
| Phantom Stock UnitsF2,F3 | — | holding | — | — | — | Aug 8, 1998 | — | Common Stock | 1,193 | 1,193 | D |
| Non-Qualified Stock Option (right to buy)F4 | $13.95 | holding | — | — | — | Feb 17, 2013 | Feb 17, 2022 | Common Stock | 4,624 | 4,624 | D |
| NQ - Stock Option (Right to Buy) | $13.60 | holding | — | — | — | Feb 17, 2018 | Mar 1, 2027 | Common Stock | 11,666 | 11,666 | D |
| NQ - Stock Option (Right to Buy)F5 | $38.06 | holding | — | — | — | Feb 17, 2016 | Mar 2, 2025 | Common Stock | 4,685 | 4,685 | D |
| Non-Qualified Stock Option (right to buy)F4 | $15.35 | holding | — | — | — | Feb 15, 2009 | Feb 15, 2018 | Common Stock | 3,621 | 3,621 | D |
| Non-Qualified Stock Option (right to buy)F4 | $17.00 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2021 | Common Stock | 3,625 | 3,625 | D |
| NQ - Stock Option (Right to Buy)F4 | $23.02 | holding | — | — | — | Feb 24, 2015 | Feb 24, 2024 | Common Stock | 6,413 | 6,413 | D |
| Non-Qualified Stock Option (right to buy)F4 | $19.02 | holding | — | — | — | Feb 22, 2014 | Feb 22, 2023 | Common Stock | 6,902 | 6,902 | D |
Explanation of responses
- F1Restricted stock units will vest 25% on February 17th of each of 2019, 2020, 2021 and 2022 provided the grantee remains continuously employed by the Company as of those respective dates.
- F2The phantom stock units convert to common stock on a 1-for-1 basis.
- F3Phantom 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.
- F4The options become exercisable for 25% of the shares on each of the first, second, third, and fourth anniversary dates.
- F5The 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.