Nave Steve 4/A
4/A · LIBBEY INC · Filed Nov 2, 2018
Insider Transaction Report
Form 4/AAmended
LIBBEY INCLBY
Nave Steve
Director
Transactions
- Award
Phantom Stock Units
2018-11-01$7.72/sh+1,937.609$14,958→ 12,361.34 totalFrom: 1988-08-08Exp: 1988-08-08→ Common Stock (1,937.609 underlying)
Holdings
- 11,940
Common Stock
Footnotes (2)
- [F1]The phantom stock units convert to common stock on a 1-for-1 basis.
- [F2]Phantom stock units acquired under the Libbey director's deferred compensation plan (the "Plan"), a 16b-3 plan, in lieu of cash compensation earned as a director for board and board committee service. Each phantom stock unit is the economic equivalent of one share of Libbey Inc. common stock. The number of phantom stock units acquired is equivalent to the dollar value of the compensation earned based on the market value of Libbey Inc. shares at the time the compensation was earned. The market value of Libbey Inc. shares is the closing price of the Libbey Inc. shares on the New York Stock Exchange on the day the compensation is earned. The units earned are settled in cash at such time as prescribed by the Plan.