LIBBEY INC 4
4 · LIBBEY INC · Filed May 20, 2008
Insider Transaction Report
Form 4
LIBBEY INCLBY
Gougelet Jean-Rene
Director
Transactions
- Award
Common Stock
2008-05-16$14.85/sh+2,694$40,006→ 2,694 total - Award
Phantom Stock Units
2008-05-16$11.94/sh+31.407$375→ 318.387 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (31.407 underlying)
Footnotes (3)
- [F1]Represents the grant of shares of common stock awarded on May 16, 2008, unless the director defers election.
- [F2]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 elected settlement date or retirement from the board.
- [F3]The phantom stock units under the Libbey Inc. directors deferred compensation plan are to be settled in cash upon the reporting person's retirement or specified settlement date. The plan is a 16b(3) plan. The reporting person acquired 31.4070 units equal to one share per unit on May 16, 2008 in lieu of compensation for a board meeting. Units were acquired on May 16, 2008 at $11.94 per unit.