4//SEC Filing
LIBBEY INC 4
Accession 0001240340-06-000085
CIK 0000902274operating
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 4:02 PM ET
Size
7.4 KB
Accession
0001240340-06-000085
Insider Transaction Report
Form 4
LIBBEY INCLBY
MOREAU GARY L
Director
Transactions
- Award
Phantom Stock Units
2006-06-01$11.37/sh+10.994$125→ 552.814 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (10.994 underlying)
Holdings
- 500
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 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 person's retirement. The plan is a 16b(3) plan. The reporting person acquired 10.9938 units equal to one share per unit on June 1, 2006 in lieu of compensation for a special board assignment. Units were acquired on June 1, 2006 at $11.37 per unit.
Documents
Issuer
LIBBEY INC
CIK 0000902274
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000902274
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 4:02 PM ET
- Size
- 7.4 KB