SEC Form 4 · accession 0001005284-19-000030
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 1, 2019
Accepted (ET)
Mar 5, 2019 · 7:40 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 1, 2019 | F | 926 | $152.38 | D | 208,040 | D | |
| Common StockF2 | Mar 5, 2019 | A | 4,899 | $0.00 | A | 212,939 | D | |
| Common StockF3 | Mar 5, 2019 | F | 2,078 | $153.07 | D | 210,861 | D | |
| Common StockF4 | Mar 5, 2019 | A | 2,493 | $0.00 | A | 213,354 | D | |
| Common Stock | holding | — | — | — | 84,952 | I | By Grantor Retained Annuity Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were withheld to satisfy a tax liability in connection with the vesting on March 1, 2019 of 2,177 shares of restricted stock previously granted to Mr. Abramson.
- F2These shares were granted to Mr. Abramson as performance units under the Company's Long Term Incentive Plan as part of his 2016 compensation and vested subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on March 5, 2019 as having occurred.
- F3These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2019 of 4,899 shares of restricted stock previously granted to Mr. Abramson.
- F4These units were granted to Mr. Abramson under the Company's Long Term Incentive Plan as part of his 2019 compensation and are subject to a time-based vesting restriction, with one-third of the total unit amount vesting on each of March 5, 2020, 2021, and 2022.