SEC Form 4 · accession 0001005284-17-000121
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
Jul 19, 2017
Accepted (ET)
Jul 21, 2017 · 4:06 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 | Jul 19, 2017 | S | 8,592 | $124.0234 | D | 262,888 | D | |
| Common StockF1 | Jul 19, 2017 | S | 9,408 | $125.00 | D | 253,480 | D | |
| Common StockF3,F4 | Jul 19, 2017 | G | 131,913 | $0.00 | D | 98,347 | I | By Grantor Retained Annuity Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Non-Discretionary Trading Plan previously entered into by Mr. Abramson.
- F2Represents the weighted average of a range of sale prices from 123.55 to $124.20. 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.
- F3These shares were distributed from The Steven V. Abramson July 2014 Annuity Trust to family trusts in which Mr. Abramson is neither trustee nor beneficiary.
- F4These shares are held by the following GRATs: The Steven V. Abramson July 2015 Annuity Trust dated as of July 16, 2015 (27,531 shares), The Steven V. Abramson July 2016 Annuity Trust dated as of July 18, 2016 (35,750 shares), and The Steven V. Abramson July 2017 Annuity Trust dated as of July 19, 2017 (35,066 shares). Mr. Abramson is trustee and beneficiary of each such Grantor Retained Annuity Trust.