SEC Form 4 · accession 0000899243-18-005667
ALBEMARLE CORP · ALB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen G Narwold
Officer — EVP, Chief Admin Officer
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 5:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000915913
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 23, 2018 | M | 7,490 | $0.00 | A | 36,343 | D | |
| Common StockF2 | Feb 23, 2018 | F | 3,001 | $118.75 | D | 33,342 | D | |
| Common StockF1 | holding | — | — | — | 521 | I | Albemarle Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitF3,F2,F4 | — | Feb 23, 2018 | A | 14,980 | A | — | — | Common Stock | 14,980 | 14,980 | D |
| Performance UnitF3,F2,F4 | — | Feb 23, 2018 | M | 7,490 | D | — | — | Common Stock | 7,490 | 7,490 | D |
| Restricted Stock UnitF5,F6,F4 | — | Feb 23, 2018 | A | 2,106 | A | — | — | Common Stock | 2,106 | 2,106 | D |
| Stock Option | $118.75 | Feb 23, 2018 | A | 6,694 | A | Feb 23, 2021 | Feb 23, 2028 | Common Stock | 6,694 | 6,694 | D |
Explanation of responses
- F1Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.
- F2Performance Units granted on 2/23/2015. 50% vested on 2/23/2018 and 50% vests on 1/1/2019. Shares withheld to meet tax liabilities associated with such vested Performance Units.
- F3Each Performance Unit converts to 1 share of Common Stock.
- F4No expiration date.
- F5Each Restricted Stock Unit converts to 1 share of Common Stock.
- F650% vests on 2/23/2021 and 50% vests on 2/23/2022.