SEC Form 4 · accession 0001209191-15-006742
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Navikas
Officer — Sr. VP Strat Plan & Corp Dev
Period of report
Jan 23, 2015
Accepted (ET)
Jan 27, 2015 · 3:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000079879
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 23, 2015 | M | 8,290 | $83.90 | A | 30,984 | D | |
| Common StockF1,F2 | Jan 23, 2015 | S | 8,290 | $229.19 | D | 22,694 | D | |
| Common StockF2 | holding | — | — | — | 515 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF3 | $83.90 | Jan 23, 2015 | M | 8,290 | D | Aug 1, 2014 | Jul 31, 2021 | Common Stock | 8,290 | 0 | D |
Explanation of responses
- F1This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $228.82 to $229.60 per share, inclusive. The reporting person will provide, upon request of the SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.
- F2Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of January 23, 2015.
- F3Right to buy granted under the PPG Industries, Inc. Omnibus Incentive Plan.