Edgar Filing: GLOBE SPECIALTY METALS INC

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

EIZENSTAT STUART E

2. Issuer Name and Ticker or Trading Symbol
GLOBE SPECIALTY METALS INC [GSM]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

C/O GLOBE SPECIALTY METALS, INC., 600 BRICKELL AVENUE, SUITE 3100

3. Date of Earliest Transaction (Month/Day/Year)
12/23/2015

(Street)

MIAMI, FL 33131

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	12/23/2015		D		5,079	D	⁽¹⁾	0	D

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 22.42

12/23/2015

1,446

06/30/2012

06/30/2016

Common Stock

1,446

⁽²⁾

Stock Option

$ 18.81

12/23/2015

6,675

⁽³⁾

08/11/2016

Common Stock

6,675

⁽²⁾

Stock Option

$ 18.81

12/23/2015

225

⁽³⁾

08/11/2016

Common Stock

225

⁽²⁾

Stock Option

$ 13.43

12/23/2015

3,297

06/30/2013

06/30/2017

Common Stock

3,297

⁽²⁾

Stock Option

$ 11.34

12/23/2015

4,990

07/18/2014

07/18/2018

Common Stock

4,990

⁽²⁾

Stock Option

$ 21.34

12/23/2015

25,000

⁽⁴⁾

03/19/2019

Common Stock

25,000

⁽²⁾

Stock Option

$ 20.58

12/23/2015

1,226

07/08/2015

07/08/2019

Common Stock

1,226

⁽²⁾

Restricted Stock Unit

⁽⁵⁾

12/23/2015

1,078

02/27/2016

Common Stock

1,078

⁽²⁾

Restricted Stock Unit

⁽⁵⁾

12/23/2015

1,695

06/30/2016

Common Stock

1,695

⁽²⁾

Stock Appreciation Right

$ 12.54 ⁽⁶⁾

12/23/2015

12,784

⁽⁴⁾

08/20/2018

Common Stock

12,784

⁽²⁾

Stock Appreciation Right

$ 16.7 ⁽⁶⁾

12/23/2015

2,303

02/27/2016

02/27/2020

Common Stock

2,303

⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
EIZENSTAT STUART E C/O GLOBE SPECIALTY METALS, INC. 600 BRICKELL AVENUE, SUITE 3100 MIAMI, FL 33131	X

Signatures

/s/ Stephen Lebowitz		12/24/2015
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Disposed of in a merger pursuant to a business combination agreement by, among others, issuer, Grupo Villar Mir, S.A., and Grupo FerroAtlantica, S.A., in which each share of common stock of issuer was exchanged for one (1) share of FerroGlobe PLC common stock on the effective date of the merger.
(2)	These awards were cancelled in the merger in exchange for awards on the same terms for shares of FerroGlobe PLC common stock.
(3)	The awards vest and become exercisable quarterly, in eighths, over the course of two years from the original grant date (subject to acceleration in certain circumstances).
(4)	The awards vest and become exercisable in thirds on the first, second and third anniversary of the original grant date (subject to acceleration in certain circumstances).
(5)	Each restricted stock unit represents the right to receive cash in an amount equal to the fair market value of one share of common stock, on the date of vesting of the subject restricted stock unit.
(6)	Each stock appreciation right represents the right to receive cash in an amount equal to the difference obtained by subtracting the exercise price from the fair market value of one share of the company's common stock, as of the date of exercise of the subject stock appreciation right.

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