SEC Form 4 · accession 0000919574-15-005667
UNIVERSAL DISPLAY CORP \PA\ · OLED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Aug 3, 2015
Accepted (ET)
Aug 5, 2015 · 6:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001005284
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 3, 2015 | S | 187,397 | $47.65 | D | 4,601,832 | I | See Footnote |
| Common StockF3,F2 | Aug 4, 2015 | S | 138,313 | $46.28 | D | 4,463,519 | I | See Footnote |
| Common StockF4,F2 | Aug 5, 2015 | S | 449,345 | $46.37 | D | 4,014,174 | I | See Footnote |
| Common StockF5 | holding | — | — | — | 682,333 | I | See Footnote | |
| Common StockF6 | holding | — | — | — | 10,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported price is the weighted average sale price for sales on August 3, 2015 by the Reporting Persons. The actual prices of such sales ranged from $47.11 to $47.715. The Reporting Persons undertake to provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2The Common Shares are directly owned by certain private investment vehicles managed by Discovery Capital Management, LLC and may be deemed beneficially owned by Discovery Capital Management, LLC, as the investment manager of such private investment vehicles and also may be deemed beneficially owned by Robert K. Citrone, as the Managing Member of Discovery Capital Management, LLC. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3The reported price is the weighted average sale price for sales on August 4, 2015 by the Reporting Persons. The actual prices of such sales ranged from $46.285 to $46.98. The Reporting Persons undertake to provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4The reported price is the weighted average sale price for sales on August 5, 2015 by the Reporting Persons. The actual prices of such sales ranged from $46.3701 to $46.7179. The Reporting Persons undertake to provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F5The reported securities are directly owned by certain private investment vehicles managed by an entity of which Robert K. Citrone is a managing member and therefore, may be deemed beneficially owned by Robert K. Citrone, in his capacity as a managing member. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F6These securities are directly owned by Robert K. Citrone.