Celanese Corp 4
4 · Celanese Corp · Filed May 15, 2012
Insider Transaction Report
Form 4
ONEILL PAUL H
Director
Transactions
- Disposition to Issuer
Series A Common Stock
2012-05-13−1,664→ 12,739 total - Discretionary Transaction
Phantom Stock
2012-05-11$45.00/sh−740.21$33,309→ 13,919.12 totalExp: 2012-05-11→ Series A Common Stock (740.21 underlying) - Award
Phantom Stock
2012-05-13+1,664→ 15,583.12 total→ Series A Common Stock (1,664 underlying)
Footnotes (4)
- [F1]Upon the vesting of the restricted stock units granted to the reporting person on May 13, 2011, the reporting person deferred the receipt of 1,664 shares of Series A Common Stock and received instead 1,664 shares of phantom stock pursuant to the Company's 2008 Deferred Compensation Plan. As a result, the reporting person is reporting the disposition of 1,664 shares of series Common Stock in exchange for an equal number of shares of phantom stock.
- [F2]Each share of phantom stock represents the right to receive either one share of Series A Common Stock or the cash value of one share of Series A Common Stock.
- [F3]The reported phantom stock represents compensation for director services, which were previously deferred under the 2008 Deferred Compensation Plan. On May 11, 2012, these shares of phantom stock were settled for cash.
- [F4]As provided in the 2008 Deferred Compensation Plan, the reported phantom stock becomes payable in shares of Series A Common Stock upon the termination of the reporting person's service as a director of the Company.