Sec Form 4 Filing - KISSAM LUTHER C IV @ ALBEMARLE CORP - 2020-07-01

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
KISSAM LUTHER C IV
2. Issuer Name and Ticker or Trading Symbol
ALBEMARLE CORP [ ALB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
ALBEMARLE CORPORATION, 4250 CONGRESS STREET, SUITE 900
3. Date of Earliest Transaction (MM/DD/YY)
07/01/2020
(Street)
CHARLOTTE, NC28209
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 8,520 I Albemarle Savings Plan ( 1 )
Common Stock 07/01/2020 M 5,381 A $ 0 332,811 D
Common Stock 07/01/2020 F 2,406 ( 2 ) D $ 76.06 330,405 D
Common Stock 07/01/2020 M 6,551 A $ 0 336,956 D
Common Stock 07/01/2020 F 2,929 ( 2 ) D $ 76.06 334,027 D
Common Stock 07/01/2020 M 5,496 A $ 0 339,523 D
Common Stock 07/01/2020 F 2,457 ( 2 ) D $ 76.06 337,066 D
Table II - Derivative Securities Acquired, Dispo sed 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 ( 3 ) 07/01/2020 A 1,725 ( 4 ) ( 5 ) ( 6 ) Common Stock 1,725 $ 0 1,725 D
Restricted Stock Unit ( 7 ) 07/01/2020 M 5,381 ( 8 ) ( 6 ) Common Stock 5,381 $ 0 0 D
Restricted Stock Unit ( 7 ) 07/01/2020 M 6,551 ( 9 ) ( 6 ) Common Stock 6,551 $ 0 0 D
Restricted Stock Unit ( 7 ) 07/01/2020 M 5,496 ( 10 ) ( 6 ) Common Stock 5,496 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KISSAM LUTHER C IV
ALBEMARLE CORPORATION
4250 CONGRESS STREET, SUITE 900
CHARLOTTE, NC28209
X
Signatures
/s/ Stefanie M. Holland, Attorney-in-Fact 07/02/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Total number of shares of Common Stock held in the name of the Reporting Person under the Albemarle Corporation Retirement Savings Plan (the "Albemarle Savings Plan") as of the date of this Form 4.
( 2 )Shares withheld to meet tax liabilities associated with such vested Restricted Stock Units.
( 3 )Phantom Stock units convert 1 for 1 into common stock.
( 4 )Shares represent deferred director compensation pursuant to 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors of Albemarle Corporation.
( 5 )Exercisable in a single lump sum on February 15th of the calendar year after the year In which the reporting person is no longer a director.
( 6 )No expiration date.
( 7 )Each Restricted Stock Unit converts to 1 share of Common Stock.
( 8 )On 02/24/2017, the reporting person was granted 10,762 Restricted Stock Units, 50% which vested on 02/24/2020 and 50% which vest on 02/24/2021. Under the terms of the Award Agreement, the second 50% early vest on the date of a Qualifying Termination Event, which is the retirement date of the reporting person on July 1, 2020.
( 9 )On 02/23/2018, the reporting person was granted 8,422 Restricted Stock Units, vesting 50% on 2/23/2021 and 50% on 2/23/2022. Under the Award Agreement, 6,551 units early vest on the date of a Qualifying Termination Event, which is the retirement date of the reporting person on July 1, 2020. The remaining 1,871 units are forfeited.
( 10 )On 02/26/2019, the reporting person was granted 12,364 Restricted Stock Units, vesting 50% on 2/26/2022 and 50% on 2/26/2023. Under the Award Agreement, 5,496 units early vest on the date of a Qualifying Termination Event, which is the retirement date of the reporting person on July 1, 2020. The remaining 6,868 units are forfeited.

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