SEC Form 4 · accession 0001209191-15-014079
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen F Angel
Director
Period of report
Feb 15, 2015
Accepted (ET)
Feb 17, 2015 · 8:27 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000079879
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 15, 2015 | M | 1,279 | D | — | — | Common Stock | 1,279 | 0 | D |
| Phantom Stock UnitsF4,F2,F3 | — | Feb 15, 2015 | M | 1,279 | A | — | — | Common Stock | 1,279 | 6,764 | D |
Explanation of responses
- F1Upon the vesting of restricted stock units on February 15, 2015, which were granted to the reporting person on February 15, 2012, the reporting person deferred the receipt of 1,279 shares of common stock and received instead 1,279 shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 1,279 shares of common stock in exchange for an equal number of shares in phantom stock.
- F2The security converts to common stock on a one-for-one basis.
- F3After termination of service as a Director of PPG Industries, Inc.
- F4Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors.