LIBBEY INC 4
4 · LIBBEY INC · Filed Aug 1, 2006
Insider Transaction Report
Form 4
LIBBEY INCLBY
MOREAU GARY L
Director
Transactions
- Award
Phantom Stock Units
2006-08-01$7.93/sh+197.037$1,563→ 938.43 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (197.037 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 197.0366 units equal to one share per unit on August 1, 2006 in lieu of compensation for director fees (paid quarterly). Units were acquired on August 1, 2006 at $7.93 per unit.