SEC Form 4 · accession 0001005284-17-000054
UNIVERSAL DISPLAY CORP \PA\ · OLED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mauro Premutico
Officer — VP, Legal & GM, Licensing
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 4:14 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 | Mar 7, 2017 | A | 1,456 | $0.00 | A | 116,856 | D | |
| Common StockF2 | Mar 7, 2017 | A | 2,370 | $0.00 | A | 119,226 | D | |
| Common StockF3 | Mar 7, 2017 | F | 1,327 | $83.25 | D | 117,899 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These units were granted to Mr. Premutico under the Company's Long Term Incentive Plan as part of his 2017 compensation and are subject to a time-based vesting restriction, with one-third of the total unit amount vesting on each of March 7, 2018, 2019, and 2020.
- F2These shares were granted to Mr. Premutico as performance units under the Company's Long Term Incentive Plan as part of his 2014 compensation and vested subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on March 7, 2017 as having occurred.
- F3These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2017 of 2,370 shares of restricted stock previously granted to Mr. Premutico.