4//SEC Filing
STEWART TERENCE P 4
Accession 0001519850-11-000002
CIK 0000902274other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 10:26 AM ET
Size
9.6 KB
Accession
0001519850-11-000002
Insider Transaction Report
Form 4
LIBBEY INCLBY
STEWART TERENCE P
Director
Transactions
- Award
Phantom Stock Units
2011-05-10$15.62/sh+64.021$1,000→ 47,477.094 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (64.021 underlying)
Holdings
- 28,442.645
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 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. The plan is a 16b(3) plan. The reporting person acquired 64.0205 units equal to one share per unit on May 10, 2011 in lieu of compensation for special board business meeting. Units were acquired on May 10, 2011 at $15.62 per unit.
Issuer
LIBBEY INC
CIK 0000902274
Entity typeother
Related Parties
1- filerCIK 0001210429
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 10:26 AM ET
- Size
- 9.6 KB