SEC Form 4 · accession 0000899243-18-005668
ALBEMARLE CORP · ALB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Tozier
Officer — EVP & CFO
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 5:29 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 | 9,630 | $0.00 | A | 47,683 | D | |
| Common StockF2 | Feb 23, 2018 | F | 4,315 | $118.75 | D | 43,368 | D | |
| Common StockF1 | holding | — | — | — | 1,537 | 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 | 19,260 | A | — | — | Common Stock | 19,260 | 19,260 | D |
| Performance UnitF3,F2,F4 | — | Feb 23, 2018 | M | 9,630 | D | — | — | Common Stock | 9,630 | 9,630 | D |
| Restricted Stock UnitF5,F6,F4 | — | Feb 23, 2018 | A | 2,212 | A | — | — | Common Stock | 2,212 | 2,212 | D |
| Stock Option | $118.75 | Feb 23, 2018 | A | 7,029 | A | Feb 23, 2021 | Feb 23, 2028 | Common Stock | 7,029 | 7,029 | 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.