SEC Form 4 · accession 0001005284-18-000062
UNIVERSAL DISPLAY CORP \PA\ · OLED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sherwin I Seligsohn
Officer — Chairman of Board and Founder · Director
Period of report
Mar 27, 2018
Accepted (ET)
Mar 28, 2018 · 4:34 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, 2018 | A | 3,605 | $0.00 | A | 99,139 | D | |
| Common StockF2 | Mar 27, 2018 | F | 1,529 | $105.30 | D | 97,610 | D | |
| Common StockF3 | holding | — | — | — | 21,000 | I | By Trust | |
| Common StockF4 | holding | — | — | — | 136,000 | I | By Corp. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were granted to Mr. Seligsohn as performance units under the Company's Long Term Incentive Plan as part of his 2015 compensation and vested subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on March 27, 2018 as having occurred.
- F2These shares were withheld to satisfy a tax liability in connection with the vesting on March 27, 2018 of 3,605 shares of restricted stock previously granted to Mr. Seligsohn.
- F3The Seligsohn Foundation, of which Mr. Seligsohn is the sole trustee.
- F4American Biomimetics Corporation, of which Mr. Seligsohn is the sole Director, Chairman, President and Secretary.