MOERDYK CAROL B 4
4 · LIBBEY INC · Filed May 18, 2018
Insider Transaction Report
Form 4
LIBBEY INCLBY
MOERDYK CAROL B
Director
Transactions
- Tax Payment
Common Stock
2018-05-16$6.70/sh−3,582$23,999→ 53,842 total - Award
Common Stock
2018-05-16$6.70/sh+11,940$79,998→ 57,424 total
Holdings
- 20,565.833
Phantom Stock Units
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (20,565.833 underlying)
Footnotes (4)
- [F1]Represents the grant of shares of common stock awarded on May 16, 2018, unless the director defers election.
- [F2]Reflects shares withheld to satisfy tax withholding obligations on grant awarded May 16, 2018.
- [F3]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 retirement from the board.
- [F4]Total includes 338.7992 phantom stock units acquired November 22, 2017 and 331.5932 phantom stock units acquired on March 13, 2018 under the Plan's dividend-equivalent reinvestment feature.