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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 | ||||||||
Restricted Stock Unit | (3) | 02/26/2016 | A | 32,583 | (2) | (4) | Common Stock | 32,583 | $ 0 | 32,583 | D | ||||
Restricted Stock Unit | (3) | 02/26/2016 | M | 16,292 | (2) | (4) | Common Stock | 16,292 | $ 0 | 16,291 | D | ||||
Stock Option | $ 56.56 | 02/26/2016 | A | 62,267 | 02/26/2019 | 02/26/2026 | Common Stock | 62,267 | $ 0 | 62,267 | D | ||||
Restricted Stock Unit | (3) | 02/26/2016 | A | 17,682 | (6) | (4) | Common Stock | 17,682 | $ 0 | 17,682 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KISSAM LUTHER C IV ALBEMARLE CORP 451 FLORIDA STREET BATON ROUGE, LA 70801 |
X | President & CEO |
Steven L. Bray, Attorney-in-fact | 03/01/2016 | |
**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) | Performance-based Restricted Stock Units granted on 2/24/2014, with the actual issuance of such Restricted Stock Units subject to Compensation Committee certification upon the achievement of specified performance objectives. Restricted Stock Units vest over a 2 year period. 50% vested on 2/26/2016 and 50% vest on 1/1/2017. Shares withheld to meet tax liabilities associated with such vested Restricted Stock Units. |
(3) | Each Restricted Stock Unit converts to 1 share of Common Stock. |
(4) | No expiration date. |
(5) | Shares sold by reporting person pursuant to 10b5-1 plan to meet tax obligations. |
(6) | One-half of the award amount earned will vest on 2/26/2019 and the remaining half will vest on 2/26/2020. |