FERRO CORP 4
4 · FERRO CORP · Filed Feb 17, 2017
Insider Transaction Report
Form 4
FERRO CORPFOE
SPIZZO ALLEN A
Director
Transactions
- Award
Deferred Stock Units
2017-02-16+3,600→ 3,600 totalExercise: $0.00→ Common Stock (3,600 underlying)
Footnotes (1)
- [F1]Award granted to Non-Employee Directors. The Deferred Stock Units vest immediately at the time of the Award; however, the Deferred Stock Units will be held for the account of the Recipient and will not be converted into shares of Ferro Common Stock until the Recipient ceases to serve as a Director of the Company (the "Holding Period"). Upon cessation of Recipient's service as a Director, one share of Ferro Common Stock will be delivered for each Deferred Stock Unit held. During the Holding Period, the Recipient will not be entitled to exercise any voting rights with respect to the shares of Ferro Common Stock that correspond to the Deferred Stock Units, but the Recipient will be entitled to receive a cash payment equivalent to any cash distributions or dividends paid on Ferro Common Stock with respect to the Deferred Stock Units during the Holding Period.