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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Unit | (5) | 02/24/2014 | A | 2,178 | (6) | (7) | Common Stock | 2,178 | $ 0 (2) | 2,178 | D | ||||
Performance Unit | (5) | 02/24/2014 | M | 1,089 | (6) | (7) | Common Stock | 1,089 | $ 0 (2) | 1,089 | D | ||||
Non-Qualified Stock Option | $ 63.84 | 02/24/2014 | A | 18,831 | (8) | 02/23/2024 | Common Stock | 18,831 | $ 0 (2) | 18,831 | D | ||||
Restricted Stock Unit | (9) | 02/24/2014 | A | 3,760 | (10) | (7) | Common Stock | 3,760 | $ 0 (2) | 3,760 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Tozier Scott ALBEMARLE CORPORATION 451 FLORIDA STREET BATON ROUGE, LA BATON ROUG |
Sr VP & CFO |
/s/ Jacob B. Wilson, Attorney-in-fact | 02/26/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee. |
(2) | Transaction has no purchase price or share price. |
(3) | Performance Units vested on 2/24/2014. Shares withheld to meet tax liabilities associated with such vested shares. |
(4) | Shares sold by reporting person pursuant to 10b5-1 plan to meet tax obligations. |
(5) | Each Performance Unit converts to 1 share of Common Stock. |
(6) | Performance Units issued on 2/24/2012 subject to achievement of performance objectives. Performance Units granted by Compensation Committee upon achievement of performance objectives. Performance Units vest over a 2 year period. 50% vested on 2/24/2014 and 50% will vest on 1/1/2015. |
(7) | No expiration date. |
(8) | Stock Options vest in three equal installments over 3 years: 2/24/2017, 2/24/2018 and 2/24/2019. |
(9) | Each Restricted Stock Unit converts to 1 share of Common Stock. |
(10) | 50% of Restricted Stock Units to vest in the first quarter of 2016 at the time the Compensation Committee makes its determination with respect to performance goals, and 50% to vest on January 1, 2017. |