SEC Form 4 · accession 0001005284-17-000055
UNIVERSAL DISPLAY CORP \PA\ · OLED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sidney D Rosenblatt
Officer — EVP and CFO · Director
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 4:17 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 | 4,079 | $0.00 | A | 415,261 | D | |
| Common StockF2 | Mar 7, 2017 | A | 6,644 | $0.00 | A | 421,905 | D | |
| Common StockF3 | Mar 7, 2017 | F | 2,991 | $83.25 | D | 418,914 | D | |
| Common Stock | holding | — | — | — | 43,028 | I | By Grantor Retained Annuity Trust | |
| Common StockF4 | holding | — | — | — | 3,250 | I | By Individuals | |
| Common StockF5 | holding | — | — | — | 110,836 | I | By Family Limited Partnership |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These units were granted to Mr. Rosenblatt 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. Rosenblatt 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 6,644 shares of restricted stock previously granted to Mr. Rosenblatt.
- F4These shares are held by Mr. Rosenblatt's children and are being reported as beneficially owned by him.
- F5These shares are held by the Rosenblatt Family Limited Partnership, a limited partnership of which he is the sole general partner and he and his children are the sole limited partners.