SEC Form 4 · accession 0000932440-15-000079
ALBEMARLE CORP · ALB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Tozier
Officer — Sr VP & CFO
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 5:15 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 24, 2015 | M | 1,219 | $0.00 | A | 27,018 | D | |
| Common StockF3 | Feb 24, 2015 | F | 381 | $56.08 | D | 26,637 | D | |
| Common StockF1 | holding | — | — | — | 1,464 | 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 UnitF2,F4,F5,F6 | — | Feb 24, 2015 | A | 2,437 | A | — | — | Common Stock | 2,437 | 2,437 | D |
| Performance UnitF2,F4,F5,F6 | — | Feb 24, 2015 | M | 1,219 | D | — | — | Common Stock | 1,219 | 1,218 | D |
| Non-Qualified Stock OptionF2,F7 | $56.08 | Feb 24, 2015 | A | 22,320 | A | — | Feb 23, 2025 | Common Stock | 22,320 | 22,320 | D |
Explanation of responses
- F1Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.
- F2Transaction has no purchase price or share price.
- F3Performance Units vested on 2/24/2015. Shares withheld to meet tax liabilities associated with such vested shares.
- F4Each Performance Unit converts to 1 share of Common Stock.
- F5Performance Units issued on 2/22/2013 subject to achievement of performance objectives. Performance Units granted by Compensation Committee upon achievement of performance objectives. Performance Units vest over a 2 year period. 50% vested on 2/24/2015 and 50% will vest on 1/1/2016.
- F6No expiration date.
- F7Stock Options vest in three equal installments over 3 years: 2/24/2018, 2/24/2019 and 2/24/2020.