SEC Form 4 · accession 0001005284-15-000047
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
Mar 27, 2015
Accepted (ET)
Mar 30, 2015 · 5:20 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 | Mar 27, 2015 | A | 8,780 | $0.00 | A | 139,193 | D | |
| Common StockF2 | Mar 27, 2015 | F | 3,952 | $46.78 | D | 135,241 | D | |
| Common StockF3 | holding | — | — | — | 230,260 | I | By Grantor Retained Annuity Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These performance units were granted to Mr. Abramson under the Company's Long Term Incentive Plan as part of his 2013 compensation and vested subject to the satisfaction of certain performance conditions, which our Compensation Committee certified as having occurred on March 27, 2015.
- F2These shares were withheld to satisfy a tax liability in connection with the vesting on March 27, 2015 of 8,780 shares of restricted stock previously granted to Mr. Abramson.
- F3Mr. Abramson transferred these shares to The Steven V. Abramson July 2014 Annuity Trust on July 16, 2014.