ALBEMARLE CORP — Director's Dealing 2015

Feb 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALBEMARLE CORP (ALB)
CIK: 0000915913
Period of Report: 2015-02-24

Reporting Person: NARWOLD KAREN G (SVP, GC, Corp & Gov Aff)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-24	Common Stock	M	915	—	Acquired	16633	Direct
2015-02-24	Common Stock	F	317	$56.08	Disposed	16316	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-24	Performance Unit	$	A	1828	Acquired		Common Stock (1828)	Direct
2015-02-24	Performance Unit	$	M	915	Disposed		Common Stock (915)	Direct
2015-02-24	Non-Qualified Stock Option	$56.08	A	17361	Acquired	2025-02-23	Common Stock (17361)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	497	Indirect

Footnotes

F1: Portion of share increase due to periodic purchases by Albemarle Savings Plan trustee.

F2: Transaction has no purchase or share price.

F3: Performance Units vested on 2/24/2015. Shares withheld to meet tax liabilities associated with such vested shares.

F4: Each Performance Unit converts to 1 share of Common Stock.

F5: Performance Units issued on 2/22/2013 subject to achievement of performance objectives. Performance Units granted by Compensation Committee upon achievement of performance objectives. Performance Units vest over a 2 year period. 50% vested on 2/24/2015 and 50% will vest on 1/1/2016.

F6: No expiration date.

F7: Stock Options vest in three equal installments over 3 years: 2/24/2018, 2/24/2019 and 2/24/2020.