SEC Form 4 · accession 0000902274-18-000075
LIBBEY INC · LBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carol B Moerdyk
Director
Period of report
May 16, 2018
Accepted (ET)
May 18, 2018 · 5:28 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 StockF1 | May 16, 2018 | A | 11,940 | $6.70 | A | 57,424 | D | |
| Common StockF2 | May 16, 2018 | F | 3,582 | $6.70 | D | 53,842 | 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 UnitsF4,F3 | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 20,566 | 20,566 | D |
Explanation of responses
- F1Represents the grant of shares of common stock awarded on May 16, 2018, unless the director defers election.
- F2Reflects shares withheld to satisfy tax withholding obligations on grant awarded May 16, 2018.
- F3Phantom 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 retirement from the board.
- F4Total includes 338.7992 phantom stock units acquired November 22, 2017 and 331.5932 phantom stock units acquired on March 13, 2018 under the Plan's dividend-equivalent reinvestment feature.