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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X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lane Kenneth Todd

(Last) (First) (Middle)
4TH FLOOR
ONE VINE STREET

(Street)
LONDON X0 W1J 0AH

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LyondellBasell Industries N.V. [ LYB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Olefins and Polyolefins
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2024
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)
Code V Amount (A) or (D) Price
Class A Ordinary Shares 02/23/2024 M 8,757 A $94.65 100,514.5199(1) D
Class A Ordinary Shares 02/23/2024 M 20,472 A $99.21 120,986.5199(1) D
Class A Ordinary Shares 02/23/2024 S 20,472 D $99.21 100,514.5199(1) D
Class A Ordinary Shares 02/23/2024 S 8,757 D $99.1395(2) 91,757.5199(1) D
Class A Ordinary Shares 02/25/2024 F 2,313(3) D $99.27 89,444.5199(1) D
Class A Ordinary Shares 02/26/2024 M 9,489 A $89.26 98,933.5199(1) D
Class A Ordinary Shares 02/26/2024 S 9,489 D $98.9231(4) 89,444.5199(1) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $99.21 02/23/2024 M 20,472 (5) 02/25/2031 Class A Ordinary Shares 20,472 $0.00 10,235 D
Stock Options (Right to Buy) $94.65 02/23/2024 M 8,757 (6) 02/23/2033 Class A Ordinary Shares 8,757 $0.00 17,510 D
Stock Options (Right to Buy) $89.26 02/26/2024 M 9,489 (7) 02/24/2032 Class A Ordinary Shares 9,489 $0.00 9,489 D
Explanation of Responses:
1. Includes 27,949 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 7,200 granted February 24, 2022 that vest on February 24, 2025; 13,832 granted on May 26, 2022 that vest on May 26, 2024 and 6,917 granted on February 23, 2023 that vest on February 23, 2026.
2. This transaction was executed in multiple trades at prices ranging from $ 99.055 USD to $ 99.27 USD. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
3. Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting 5,878 shares of restricted stock units granted to the reporting person on February 25, 2021.
4. This transaction was executed in multiple trades at prices ranging from $ 98.84 USD to $ 99.04 USD. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
5. Granted pursuant to the issuer's long-term incentive plan. Award has fully vested.
6. Granted pursuant to the issuer's long-term incentive plan. Award vests as follows: 8,757 vested on February 23, 2024, 8,755 vest on February 23, 2025 and 8,755 vest on February 23, 2026.
7. Granted pursuant to the issuer's long-term incentive plan. Award vests as follows: 9,491 vested on February 24, 2023, 9,489 vested on February 24, 2024 and 9,489 vest on February 24, 2025.
Remarks:
/s/ Lara A. Mason, Attorney-in-Fact 02/27/2024
** 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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