SEC Form 4 · accession 0000915913-19-000029
ALBEMARLE CORP · ALB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald J. LaBauve Jr.
Officer — VP, Corporate Controller & CAO
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 9:48 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 | 1,326 | $91.00 | A | 7,429 | D | |
| Common StockF2 | Feb 26, 2019 | F | 390 | $91.57 | D | 7,039 | D | |
| Common StockF3 | Feb 26, 2019 | M | 664 | $0.00 | A | 7,703 | D | |
| Common StockF2 | Feb 26, 2019 | F | 193 | $91.57 | D | 7,510 | D | |
| Common StockF1 | holding | — | — | — | 9,513 | 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 | 2,652 | A | — | — | Common Stock | 2,652 | 2,652 | D |
| Performance UnitsF4,F2,F5 | — | Feb 26, 2019 | M | 1,326 | D | — | — | Common Stock | 1,326 | 1,326 | D |
| Restricted Stock UnitF6,F3 | — | Feb 26, 2019 | M | 664 | D | — | — | Common Stock | 664 | 0 | D |
| Restricted Stock UnitF6,F7,F5 | — | Feb 26, 2019 | A | 1,100 | A | — | — | Common Stock | 1,100 | 1,100 | D |
Explanation of responses
- F1Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.
- 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 1,328 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.