SEC Form 4 · accession 0000915913-19-000023
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 26, 2019
Accepted (ET)
Feb 28, 2019 · 9:40 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 26, 2019 | M | 1,990 | $0.00 | A | 48,701 | D | |
| Common StockF3 | Feb 26, 2019 | F | 592 | $91.57 | D | 48,109 | D | |
| Common StockF3 | Feb 26, 2019 | M | 7,956 | $0.00 | A | 56,065 | D | |
| Common StockF3 | Feb 26, 2019 | F | 3,432 | $91.57 | D | 52,633 | D | |
| Common StockF1 | holding | — | — | — | 1,560 | 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 UnitF4,F3,F5 | — | Feb 26, 2019 | A | 15,912 | A | — | — | Common Stock | 15,912 | 15,912 | D |
| Performance UnitF4,F3,F5 | — | Feb 26, 2019 | M | 7,956 | D | — | — | Common Stock | 7,956 | 7,956 | D |
| Restricted Stock UnitF6,F7,F5 | — | Feb 26, 2019 | A | 3,022 | A | — | — | Common Stock | 3,022 | 0 | D |
| Restricted Stock UnitF6,F2 | — | Feb 26, 2019 | M | 1,990 | D | — | — | Common Stock | 1,990 | 1,990 | D |
| Stock Option | $91.00 | Feb 26, 2019 | A | 9,925 | A | Feb 26, 2022 | Feb 26, 2029 | Common Stock | 9,925 | 9,925 | D |
Explanation of responses
- F1Total number of shares of Common Stock held in the name of the Reporting Person under the Albemarle Corporation Retirement Savings Plan (the "Albemarle Savings Plan") as of the date of this Form 4.
- F2On February 26, 2016, the reporting person was granted 3,980 restricted stock units, vesting on each of the third and fourth anniversary of the grant date in 2019 and 2020.
- F3Performance Units granted on 2/26/2016. First 50% vested on 2/26/2019 and second 50% vests on 2/26/2020. Shares withheld to meet tax liabilities associated with such vested Performance Units.
- F4Each Performance Unit converts to 1 share of Common Stock.
- F5No expiration date.
- F6Each Restricted Stock Unit converts to 1 share of Common Stock.
- F7One-half of the award amount earned will vest on 2/26/22 and the remaining half will vest on 2/26/23.