Gougelet Jean-Rene 4
4 · LIBBEY INC · Filed May 11, 2009
Insider Transaction Report
Form 4
LIBBEY INCLBY
Gougelet Jean-Rene
Director
Transactions
- Award
Common Stock
2009-05-07$1.80/sh+5,625$10,125→ 8,319 total
Holdings
- 1,638.516
Phantom Stock Units
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (1,638.516 underlying)
Footnotes (2)
- [F1]Represents the grant of shares of common stock awarded on May 7, 2009, 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.