SEC Form 4 · accession 0001648210-16-000013
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
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 3:04 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 | Jan 1, 2016 | M | 1,218 | $0.00 | A | 27,645 | D | |
| Common StockF2 | Jan 1, 2016 | F | 457 | $56.01 | D | 27,188 | D | |
| Common StockF1 | holding | — | — | — | 1,489 | 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 UnitsF3,F2,F4 | — | Jan 1, 2016 | M | 1,218 | D | — | — | Common Stock | 1,218 | 0 | D |
Explanation of responses
- F1Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.
- F2Performance Units granted on 2/23/2013, with the actual issuance of Performance Units subject to Compensation Committee certification upon the achievement of specified performance objectives. Performance Units vest over a 2 year period. 50% vested on 2/24/2015 and 50% vested on 1/1/2016. 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.