LIBBEY INC 4
4 · LIBBEY INC · Filed Nov 23, 2016
Insider Transaction Report
Form 4
LIBBEY INCLBY
MILLER DEBORAH G
Director
Transactions
- Award
Phantom Stock Units
2016-11-23$19.17/sh+13.583$260→ 2,277.741 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (13.583 underlying)
Holdings
- 25,492
Common Stock
Footnotes (2)
- [F1]Phantom stock units pursuant to the Libbey director's deferred compensation plan (the "Plan"), a 16b(3) plan are acquired in lieu of cash compensation earned as a director for board and board committee service or in lieu of cash dividends on the deferred phantom stock units. The number of units (each equivalent to one common share of Libbey Inc.) acquired are equivalent to the dollar value of the compensation earned based on the market value of Libbey Inc. shares at the time the compensation is earned or the dividend paid. The market value of Libbey Inc. shares is the closing price of the Libbey Inc. shares on the New York Stock Exchange on the last trading day prior to the day the compensation is earned or the dividend is paid. The units earned are settled in cash upon the director's elected settlement date or retirement from the board.
- [F2]The phantom stock units under the Libbey Inc. directors deferred compensation plan are to be settled in cash upon the reporting persons retirement. The plan is a 16b(3) plan. The reporting person acquired 13.5826 units equal to one share per unit on November 23, 2016 in lieu of compensation for a dividend payment. Units were acquired on November 23, 2016 at $19.17 per unit.