Celanese Corp 4
4 · Celanese Corp · Filed Apr 26, 2013
Insider Transaction Report
Form 4
ONEILL PAUL H
Director
Transactions
- Award
Phantom Stock
2013-04-26+2,000→ 20,759.88 total→ Series A Common Stock (2,000 underlying) - Disposition to Issuer
Series A Common Stock
2013-04-26−2,000→ 10,739 total
Footnotes (3)
- [F1]Upon vesting of 2,000 Restricted Stock Units granted to the reporting person on April 26, 2012, the reporting person deferred the receipt of 2,000 shares of Series A Common Stock and received instead 2,000 shares of phantom stock pursuant to the Company's 2008 Deferred Compensation Plan. As a result, the reporting person is reporting the disposition of 2,000 shares of Series A Common Stock in exchange for an equal number of shares of phantom stock.
- [F2]Each share of phantom stock represents the right to receive either one share of Series A Common Stock or the cash value of one share of Series A Common Stock.
- [F3]As provided in the 2008 Deferred Compensation Plan, the reported phantom stock becomes payable in shares of Series A Common Stock upon termination of the reporting person's service as a director of the Company subject to certain restrictions and limitations. The reporting person retired from service as a director on April 25, 2013.