Z. Vanacker Peter - Jun 6, 2022 Form 4 Insider Report for LyondellBasell Industries N.V. (LYB)

Role: Chief Executive Officer, Director
Signature: /s/ N. Elizabeth Campbell, Attorney-in-Fact
Stock symbol: LYB
Transactions as of: Jun 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/8/2022, 06:01 PM
Previous filing: May 25, 2022
Next filing: Feb 27, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LYB	Stock Options (Right to Buy)	Other	$0	+96.2K		$0.00	96.2K	Jun 6, 2022	Class A Ordinary Shares	96.2K	$101.51	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transactions reported herein reflect a one-time stock option exercise price adjustment effective June 6, 2022, related to a special dividend of $5.20 per share and pursuant to the adjustment provisions of the LyondellBasell Industries Long Term Incentive Plan, and are being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Pursuant to the adjustment, the exercise price of the Stock Options (Right to buy) has been amended to reduce such exercise price by the amount of the special dividend ($5.20). There have been no other changes to the terms of the Stock Options (Right to buy).
F2	This stock option award was previously reported as an option relating to 96,191 shares of the Issuer's Stock Options (Right to Buy) at an exercise price of $106.71 per share and was adjusted as a result of the special dividend.

Content

The transactions reported herein reflect a one-time stock option exercise price adjustment effective June 6, 2022, related to a special dividend of $5.20 per share and pursuant to the adjustment provisions of the LyondellBasell Industries Long Term Incentive Plan, and are being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Pursuant to the adjustment, the exercise price of the Stock Options (Right to buy) has been amended to reduce such exercise price by the amount of the special dividend ($5.20). There have been no other changes to the terms of the Stock Options (Right to buy).

This stock option award was previously reported as an option relating to 96,191 shares of the Issuer's Stock Options (Right to Buy) at an exercise price of $106.71 per share and was adjusted as a result of the special dividend.