4//SEC Filing
LIBBEY INC 4
Accession 0001284587-14-000001
CIK 0000902274operating
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 8:03 AM ET
Size
6.5 KB
Accession
0001284587-14-000001
Insider Transaction Report
Form 4
LIBBEY INCLBY
STEWART TERENCE P
Director
Transactions
- Award
Phantom Stock Units
2014-02-03$21.50/sh+552.326$11,875→ 54,286.255 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (552.326 underlying)
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 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.
- [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 or specified settlement date. The plan is a 16b(3) plan. The reporting person acquired 552.3256 units equal to one share per unit on February 3, 2014 in lieu of compensation for director fees (paid quarterly). Units were acquired on February 3, 2014 at $21.50 per unit.
Documents
Issuer
LIBBEY INC
CIK 0000902274
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000902274
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 8:03 AM ET
- Size
- 6.5 KB