SEC Form 4 · accession 0000902274-18-000037
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William A Foley
Officer — Chief Executive Officer · Director
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 4:15 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 | 159,677 | $0.00 | A | 250,488 | D | |
| Common Stock | holding | — | — | — | 52,732 | 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 UnitsF2 | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 12,915 | 12,915 | D |
| NQ - Stock Option (Right to Buy) | $17.13 | holding | — | — | — | Feb 17, 2017 | Feb 25, 2026 | Common Stock | 126,598 | 126,598 | D |
| NQ - Stock Option (Right to Buy) | $13.60 | holding | — | — | — | Feb 17, 2018 | Mar 1, 2027 | Common Stock | 88,550 | 88,550 | 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.
- F2Phantom stock units pursuant to the Libbey director's deferred compensation plan (the "Plan"), a 16b(3) plan are 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. 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. The units earned are settled in cash upon the director's elected settlement date or retirement from the board.