SEC Form 4 · accession 0001648210-16-000020
ALBEMARLE CORP · ALB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen G Narwold
Officer — Sr VP, GC, Corp & Gov Aff
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 6:30 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, 2016 | M | 2,445 | $0.00 | A | 22,338 | D | |
| Common StockF2 | Feb 26, 2016 | F | 825 | $56.56 | D | 21,513 | D | |
| Common StockF1 | holding | — | — | — | 508 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F2,F4 | — | Feb 26, 2016 | A | 4,889 | A | — | — | Common Stock | 4,889 | 4,889 | D |
| Restricted Stock UnitF3,F2,F4 | — | Feb 26, 2016 | M | 2,445 | D | — | — | Common Stock | 2,445 | 2,444 | D |
| Stock Option | $56.56 | Feb 26, 2016 | A | 10,897 | A | Feb 26, 2019 | Feb 26, 2026 | Common Stock | 10,897 | 10,897 | D |
| Restricted Stock UnitF3,F5,F4 | — | Feb 26, 2016 | A | 3,096 | A | — | — | Common Stock | 3,096 | 3,096 | D |
Explanation of responses
- F1Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.
- F2Performance-based Restricted Stock Units granted on 2/24/2014, with the actual issuance of such Restricted Stock Units subject to Compensation Committee certification upon the achievement of specified performance objectives. Restricted Stock Units vest over a 2 year period. 50% vested on 2/26/2016 and 50% vest on 1/1/2017. Shares withheld to meet tax liabilities associated with such vested Restricted Stock Units.
- F3Each Restricted Stock Unit converts to 1 share of Common Stock.
- F4No expiration date.
- F5One-half of the award amount earned will vest on 2/26/2019 and the remaining half will vest on 2/26/2020.