Sec Form 4 Filing - KOVACH SUSAN A @ LIBBEY INC - 2018-02-17

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
KOVACH SUSAN A
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
(Last) (First) (Middle)
300 MADISON AVENUE, P.O. BOX 10060
3. Date of Earliest Transaction (MM/DD/YY)
02/17/2018
(Street)
TOLEDO, OH43699-0060
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
Restricted Stock Units 02/17/2018 F 1,503 ( 1 ) D $ 6.07 14,058 D
Common Stock 37,355.5281 ( 2 ) 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
Phantom Stock Units ( 3 ) 08/08/1998( 4 ) ( 4 ) 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( 5 ) 03/02/2025 Common Stock 4,685 4,685 D
NQ - Stock Option (Right to Buy) $ 23.02 02/24/2015( 6 ) 02/24/2024 Common Stock 6,413 6,413 D
Non-Qualified Stock Option (right to buy) $ 19.02 02/22/2014( 6 ) 02/22/2023 Common Stock 6,902 6,902 D
Non-Qualified Stock Option (right to buy) $ 13.95 02/17/2013( 6 ) 02/17/2022 Common Stock 4,624 4,624 D
Non-Qualified Stock Option (right to buy) $ 17 02/10/2012( 6 ) 02/10/2021 Common Stock 3,625 3,625 D
Non-Qualified Stock Option (right to buy) $ 15.35 02/15/2009( 6 ) 02/15/2018 Common Stock 3,621 3,621 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KOVACH SUSAN A
300 MADISON AVENUE
P.O. BOX 10060
TOLEDO, OH43699-0060
VP,General Counsel & Secretary
Signatures
Debbie Hyndman, Attorney-in-Fact for Susan A. Kovach 02/21/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects shares withheld to satisfy tax withholding obligations on restricted stock units that vested.
( 2 )Total includes 1,600.0764 stock units acquired during the years 2015 through 2017 under the Plan's dividend-equivalent reinvestment feature.
( 3 )The phantom stock units convert to common stock on a 1-for-1 basis.
( 4 )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.
( 5 )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.
( 6 )The options become exercisable for 25% of the shares on each of the first, second, third, and fourth anniversary dates.

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