Albemarle (ALB) Form 4 ALBEMARLE / LUTHER C IV KISSAM ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KISSAM LUTHER C IV

(Last) (First) (Middle)

ALBEMARLE CORPORATION

4350 CONGRESS STREET, SUITE 700

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

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
X	Officer (give title below)	Other (specify below)
Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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								8,132	I	Albemarle Savings Plan(1)
Common Stock	02/23/2018		M		42,798(2)	A	$0.00	267,301	D
Common Stock	02/23/2018		F		19,228(2)	D	$118.75	248,073	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Performance Unit	(3)	02/23/2018		A		85,596		(2)	(4)	Common Stock	85,596	$0.00	85,596	D
Performance Unit	(3)	02/23/2018		M			42,798	(2)	(4)	Common Stock	42,798	$0.00	42,798	D
Restricted Stock Unit	(5)	02/23/2018		A		8,422		(6)	(4)	Common Stock	8,422	$0.00	8,422	D
Stock Option	$118.75	02/23/2018		A		26,774		02/23/2021	02/23/2028	Common Stock	26,774	$0.00	26,774	D

Explanation of Responses:

1. Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.

2. Performance Units granted on 2/23/2015. 50% vested on 2/23/2018 and 50% vests on 1/1/2019. Shares withheld to meet tax liabilities associated with such vested Performance Units.

3. Each Performance Unit converts to 1 share of Common Stock.

4. No expiration date.

5. Each Restricted Stock Unit converts to 1 share of Common Stock.

6. 50% vests on 2/23/2021 and 50% vests on 2/23/2022.

Remarks:

	/s/ Ander Krupa, Attorney-in-fact	02/27/2018
	** Signature of Reporting Person	Date
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.