Celanese Corp — Director's Dealing 2011

Jan 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Celanese CORP (CE)
CIK: 0001306830
Period of Report: 2011-01-03

Reporting Person: WALTERS FARAH M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Series A Common Stock	M	2173	—	Acquired	15738	Direct
2011-01-03	Series A Common Stock	D	1	$42.28	Disposed	15737	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	Phantom Stock	$	M	2173	Acquired		Series A Common Stock (2173)	Direct

Footnotes

F1: Each share of Phantom Stock represents the right to receive one share of Series A Common Stock.

F2: The Phantom Stock represents Restricted Stock Units deferred under the Company's 2008 Deferred Compensation Plan. The shares of Phantom Stock are payable in cash or shares of Series A Common Stock, as provided in the Company's 2008 Deferred Compensation Plan, following the termination of the reporting person's service as director of the Company.