SEC Form 4 · accession 0001648210-17-000010
ALBEMARLE CORP · ALB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen G Narwold
Officer — EVP, Chief Admin Officer
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 8:00 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, 2017 | M | 5,640 | $0.00 | A | 27,924 | D | |
| Common StockF2 | Feb 24, 2017 | F | 1,859 | $92.93 | D | 26,065 | D | |
| Common StockF1 | holding | — | — | — | 516 | 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 UnitF3,F2,F4 | — | Feb 24, 2017 | A | 11,280 | A | — | — | Common Stock | 11,280 | 11,280 | D |
| Performance UnitF3,F2,F4 | — | Feb 24, 2017 | M | 5,640 | D | — | — | Common Stock | 5,640 | 5,640 | D |
| Restricted Stock UnitF5,F6,F4 | — | Feb 24, 2017 | A | 2,422 | A | — | — | Common Stock | 2,422 | 2,422 | D |
| Stock Option | $92.93 | Feb 24, 2017 | S | 8,042 | A | Feb 24, 2020 | Feb 24, 2027 | Common Stock | 8,042 | 8,042 | D |
Explanation of responses
- F1Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.
- F2Performance Units granted on 2/24/2014. 50% vested on 2/24/2017 and 50% vests on 1/1/2018. 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.
- F5Each Restricted Stock Unit converts to 1 share of Common Stock.
- F650% vests on 2/24/2020 and 50% vests on 2/24/2021.