SEC Form 4 · accession 0000915913-19-000027
ALBEMARLE CORP · ALB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luther C Kissam IV
Officer — Chairman, President & CEO · Director
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 9:46 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 | 35,360 | $0.00 | A | 308,963 | D | |
| Common StockF2 | Feb 26, 2019 | F | 15,806 | $91.57 | D | 293,157 | D | |
| Common StockF3 | Feb 26, 2019 | M | 8,841 | $0.00 | A | 301,998 | D | |
| Common StockF2 | Feb 26, 2019 | F | 3,952 | $91.57 | D | 298,046 | D | |
| Common StockF1 | holding | — | — | — | 8,255 | 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 UnitsF4,F2,F5 | — | Feb 26, 2019 | A | 70,720 | A | — | — | Common Stock | 70,720 | 70,720 | D |
| Performance UnitsF4,F2,F5 | — | Feb 26, 2019 | M | 35,360 | D | — | — | Common Stock | 35,360 | 30,360 | D |
| Restricted Stock UnitF6,F3 | — | Feb 26, 2019 | M | 8,841 | D | — | — | Common Stock | 8,841 | 0 | D |
| Restricted Stock UnitF6,F7,F5 | — | Feb 26, 2019 | A | 12,364 | A | — | — | Common Stock | 12,364 | 12,364 | D |
| Stock Options | $91.00 | Feb 26, 2019 | A | 40,600 | A | Feb 26, 2022 | Feb 26, 2029 | Common Stock | 40,600 | 40,600 | 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.
- F2Performance 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.
- F3On February 26, 2016, the reporting person was granted 17,682 restricted stock units, vesting on each of the third and fourth anniversary of the grant date in 2019 and 2020.
- 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 2/26/2022 and the remaining half will vest on 2/26/2023.