Sec Form 4 Filing - ORTINO HECTOR R @ FERRO CORP - 2005-04-05

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
ORTINO HECTOR R
2. Issuer Name and Ticker or Trading Symbol
FERRO CORP [ FOE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) X __ Other (specify below)
Corporate Executive Officer/Corporate Executive Officer
(Last) (First) (Middle)
1000 LAKESIDE AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
04/05/2005
(Street)
CLEVELAND, OH44114-1147
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 18,102.349 I Investment Savings Plan
Common Stock 5,977 I Owned by Spouse
Common Stock 700 I H&B Ortino Irrevocable Trust
Common Stock 73,034 I Hector Ruben Ortino, Trust
Common Stock - Restricted 04/05/2005 J( 1 ) 36,500 D $ 0 110,000 D
Common Stock - Deferred Bonus Plan 04/05/2005 J( 2 ) 11,131.12 A $ 18.75 13,068.9391 D
Common Stock - Supp Exec Defined 12,580.914 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securiti es)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $ 18.5 02/11/2001( 3 ) 02/11/2010( 3 ) Common Stock 70,000 70,000 D
Stock Options (Right to buy) $ 19.39 02/07/2009 02/07/2015 Common Stock 162,000 162,000 D
Stock Options (Right to buy) $ 19.5 01/17/1998( 3 ) 01/17/2007( 3 ) Common Stock 52,000 52,000 D
Stock Options (Right to buy) $ 21.0625 02/25/2000( 3 ) 02/25/2009( 3 ) Common Stock 70,000 70,000 D
Stock Options (Right to buy) $ 21.26 02/28/2007( 3 ) 02/28/2013( 3 ) Common Stock 175,000 175,000 D
Stock Options (Right to buy) $ 22.9375 01/13/1999( 3 ) 01/13/2008( 3 ) Common Stock 50,000 50,000 D
Stock Options (Right to buy) $ 23.6 02/09/2002( 3 ) 02/09/2011( 3 ) Common Stock 122,000 122,000 D
Stock Options (Right to buy) $ 25.5 02/11/2006( 3 ) 02/11/2012( 3 ) Common Stock 155,000 155,000 D
Stock Options (Right to buy) $ 26.26 02/09/2005 02/09/2014 Common Stock 175,000 175,000 D
ESOP Convertible Preferred $ 2.5988 ( 4 ) ( 4 ) Common Stock 3,975.08 3,975.08 ( 4 ) I Beneficially Owned - ESOP Trust
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ORTINO HECTOR R
1000 LAKESIDE AVENUE
CLEVELAND, OH44114-1147
X Corporate Executive Officer Corporate Executive Officer
Signatures
Hector R Ortino 04/07/2005
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted shares of common stock granted under the Performance Share Plan. Restrictions expire based upon degree of achievement of performance goal. At the end of the performance period, 50% of award is paid in shares free of restrictions, and 50% is paid in cash. If the amount awarded is less than 100% of the restricted shares, the balance is forfeited to the company.
( 2 )Restricted shares of common stock granted under the Performance Share Plan. Restrictions expire based upon the degree of achievement of performance goal. At the time of the grant, the participant elected to defer 50% of award shares. If the amount awarded is less than 100% of the restricted shares, the balance is forfeited to the company.
( 3 )Stock Option Grant. Ten year life; 25% vesting the first four years. Upon retirement, unvested options become fully vested and availalble to exercise for the remaining life of the options.
( 4 )Price per share at which Ferro issued 1,520,215 shares of 7% Series A ESOP convertible Preferred Stock. Employees were only able to obtain preferred shares as part of the ESOP company match program. Shares can only be converted to common shares for distribution.

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.
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 Number.