SEC Form 4 · accession 0001005284-15-000007
UNIVERSAL DISPLAY CORP \PA\ · OLED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven V Abramson
Officer — President and CEO · Director
Period of report
Jan 8, 2015
Accepted (ET)
Jan 9, 2015 · 4:20 pm EST
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 | Dec 16, 2014 | G | 1,000 | $0.00 | D | 141,077 | D | |
| Common StockF2 | Jan 8, 2015 | M | 23,000 | $8.14 | A | 164,160 | D | |
| Common StockF3,F4 | Jan 8, 2015 | S | 10,715 | $27.94 | D | 153,445 | D | |
| Common StockF5 | holding | — | — | — | 230,260 | I | By Grantor Retained Annuity Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $8.14 | Jan 8, 2015 | M | 23,000 | D | Jan 18, 2005 | Jan 18, 2015 | Common Stock | 23,000 | 0 | D |
Explanation of responses
- F1Includes 235 shares, 200 shares, and 237 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on March 31, June 30, and September 30, 2014, respectively, as well as a deduction of 398 shares required to be withheld for payment of additional taxes in connection with the prior vesting of restricted shares.
- F2Includes 83 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on December 31, 2014.
- F3These shares were sold pursuant to a Rule 10b5-1Non-Discretionary Trading Plan previously enter into by Mr. Abramson.
- F4Represents the weighted average of a range of sale prices per share from $27.89 to $28. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price.
- F5Mr. Abramson transferred these shares to The Steven V. Abramson July 2014 Annuity Trust on July 16, 2014.