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*
KOVACH SUSAN A

(Last) (First) (Middle)
300 MADISON AVENUE
P.O. BOX 10060

(Street)
TOLEDO OH 43699-0060

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LIBBEY INC [ LBY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP,General Counsel & Secretary
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2018
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
Common Stock 02/24/2018 F 499(1) D $6.08 36,856.5281 D
Restricted Stock Units 14,058 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
Phantom Stock Units (2) 08/08/1998 (3) Common Stock 1,193.172 1,193.172 D
NQ - Stock Option (Right to Buy) $13.6 02/17/2018 03/01/2027 Common Stock 11,666 11,666 D
NQ - Stock Option (Right to Buy) $17.13 02/17/2017 02/25/2026 Common Shares 16,353 16,353 D
NQ - Stock Option (Right to Buy) $38.06 02/17/2016(4) 03/02/2025 Common Stock 4,685 4,685 D
NQ - Stock Option (Right to Buy) $23.02 02/24/2015(5) 02/24/2024 Common Stock 6,413 6,413 D
Non-Qualified Stock Option (right to buy) $19.02 02/22/2014(5) 02/22/2023 Common Stock 6,902 6,902 D
Non-Qualified Stock Option (right to buy) $13.95 02/17/2013(5) 02/17/2022 Common Stock 4,624 4,624 D
Non-Qualified Stock Option (right to buy) $17 02/10/2012(5) 02/10/2021 Common Stock 3,625 3,625 D
Non-Qualified Stock Option (right to buy) $15.35 02/15/2009(5) 02/15/2018 Common Stock 3,621 3,621 D
Explanation of Responses:
1. Reflects shares withheld to satisfy tax withholding obligations on restricted stock units that vested.
2. The phantom stock units convert to common stock on a 1-for-1 basis.
3. Phantom stock units acquired under the Libbey director's deferred compensation plan (the "Plan"), a 16b-3 plan, in lieu of cash compensation earned as a director for board and board committee service. Each phantom stock unit is the economic equivalent of one share of Libbey Inc. common stock. The number of phantom stock units acquired is equivalent to the dollar value of the compensation earned based on the market value of Libbey Inc. shares at the time the compensation was earned. The market value of Libbey Inc. shares is the closing price of the Libbey Inc. shares on the New York Stock Exchange on the day the compensation is earned. The units earned are settled in cash at such time as prescribed by the Plan.
4. The options become exercisable for 25% of the shares on February 17th of each of 2016, 2017, 2018 and 2019 provided the grantee remains continuously employed by the Company as of those respective dates.
5. The options become exercisable for 25% of the shares on each of the first, second, third, and fourth anniversary dates.
Remarks:
Debbie Hyndman, Attorney-in-Fact for Susan A. Kovach 02/27/2018
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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