SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

RUTHERFORD JEFFREY L

(Last)

(First)

(Middle)

6060 PARKLAND BLVD

(Street)

MAYFIELD HEIGHTS

44124

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FERRO CORP [ FOE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	V.P and CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2014

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/12/2014		M		111,524	A	$0⁽¹⁾	159,824	D
Common Stock	11/12/2014		D		111,524	D	$13.14	48,300	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Unit	$0	11/12/2014		M			111,524	11/12/2014	11/12/2014	Common Stock	111,524	$0	0	D
Performance Share Unit	$0							⁽²⁾	12/31/2014	Common Stock	58,200		58,200	D
Performance Share Unit	$0							⁽²⁾	12/31/2016	Common Stock	30,700		30,700	D
Performance Share Unit	$0							⁽²⁾	12/31/2015	Common Stock	77,300		77,300	D
Phantom Shares	⁽³⁾							⁽³⁾	⁽³⁾	Common Stock	3,321.3172		3,321.3172	D
Restricted Share Unit	$0							02/20/2017	02/20/2017	Common Stock	12,300		12,300	D
Restricted Share Unit	$0							04/02/2015	04/02/2015	Common Stock	23,300		23,300	D
Restricted Share Unit	$0							02/23/2016	02/23/2016	Common Stock	30,900		30,900	D
Stock Options (Right to Buy)	$5.95							04/02/2013	04/02/2022	Common Stock	49,900		49,900	D
Stock Options (Right to Buy)	$5.29							02/21/2014	02/21/2023	Common Stock	65,000		65,000	D
Stock Options (Right to Buy)	$13.09							02/20/2015	02/20/2024	Common Stock	25,400		25,400	D

Explanation of Responses:

1. Each RSU is the economic equivalent to one Ferro common share. For reporting purposes, the cash settlement of the RSUs is treated as a conversion of the RSUs to common shares and the simultaneous disposition of such shares to the Company.

2. Performance Share Units granted as a performance award, vesting based upon degree of acheivement of performance goal. At the end of the performance period, 50% of award is paid in common shares free of restrictions, and 50% is paid in cash. If the final amount is less than 100% of the share units, the balance is forfeited to the company.

3. Represent phantom shares awarded under the Company's Supplemental Defined Contribution Plan for Executive Employees.

	/s/ John T. Bingle, Treasurer, by Power of Attorney	11/14/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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