Sec Form 4 Filing - Kirsch James F @ FERRO CORP - 2012-02-23

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
Kirsch James F
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) _____ Other (specify below)
Chairman, President & CEO
(Last) (First) (Middle)
6060 PARKLAND BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
02/23/2012
(Street)
MAYFIELD HEIGHTS, OH44124
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 02/25/2012 F 16,559 D $ 6.9 116,345 ( 1 ) D
Common Stock - Restricted Shares 108,500 ( 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 (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) $ 6.84 02/23/2012 A 189,852 02/23/2013 02/23/2022 Common Stock 189,852 $ 0 189,852 D
Restricted Share Unit $ 0 02/23/2012 A 88,626 02/23/2015 02/23/2015 Common Stock 88,626 $ 0 88,626 D
Performance Share Unit $ 0 02/23/2012 A 221,522 ( 2 ) 12/31/2014 Common Stock 221,522 $ 0 221,522 D
Phantom Shares ( 3 ) ( 3 ) ( 3 ) Common Stock 82,853.6409 82,853.6409 D
Stock Options (Right to Buy) $ 21.15 10/18/2004 10/18/2014 Common Stock 125,000 125,000 D
Stock Options (Right to Buy) $ 20.69 02/16/2007 02/16/2016 Common Stock 140,000 140,000 D
Stock Options (Right to Buy) $ 21.99 02/06/2008 02/06/2017 Common Stock 150,000 150,000 D
Stock Options (Right to Buy) $ 17.26 02/28/2009 02/28/2018 Common Stock 146,000 146,000 D
Stock Options (Right to Buy) $ 8.25 02/25/2011 02/25/2020 Common Stock 202,500 202,500 D
Stock Options (Right to Buy) $ 1.37 02/25/2010 02/25/2019 Common Stock 115,011 115,011 D
Stock Options (Right to Buy) $ 15.16 02/24/2012 02/24/2021 Common Stock 232,500 232,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kirsch James F
6060 PARKLAND BOULEVARD
MAYFIELD HEIGHTS, OH44124
X Chairman, President & CEO
Signatures
/s/ John T. Bingle, Treasurer, by Power of Attorney 02/27/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Balance includes vesting of restricted shares net of forfeiture for tax liability.
( 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.

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.