SEC Form 4 · accession 0001209191-15-015987
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles E Bunch
Officer — Chairman and CEO · Director
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 4:04 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 | Feb 17, 2015 | M | 70,771 | $89.94 | A | 444,949 | D | |
| Common StockF1 | Feb 17, 2015 | S | 23,100 | $234.3007 | D | 421,849 | D | |
| Common StockF2 | Feb 17, 2015 | S | 10,301 | $235.3722 | D | 411,548 | D | |
| Common StockF3 | Feb 17, 2015 | S | 36,570 | $236.2503 | D | 374,978 | D | |
| Common StockF4 | Feb 17, 2015 | S | 800 | $236.8819 | D | 374,178 | D | |
| Common Stock | Feb 18, 2015 | M | 70,771 | $89.94 | A | 444,949 | D | |
| Common StockF5 | Feb 18, 2015 | S | 14,678 | $233.8645 | D | 430,271 | D | |
| Common StockF6 | Feb 18, 2015 | S | 48,293 | $234.4522 | D | 381,978 | D | |
| Common StockF7 | Feb 18, 2015 | S | 7,800 | $235.2838 | D | 374,178 | D | |
| Common StockF8 | holding | — | — | — | 11,894 | 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 OptionsF9 | $89.94 | Feb 17, 2015 | M | 70,771 | D | Feb 15, 2015 | Feb 14, 2022 | Common Stock | 70,771 | 70,771 | D |
| Employee Stock OptionsF9 | $89.94 | Feb 18, 2015 | M | 70,771 | D | Feb 15, 2015 | Feb 14, 2022 | Common Stock | 70,771 | 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 $233.8300 to $234.8100 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.
- F2This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $234.8300 to $235.8200 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.
- F3This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $235.8500 to $236.8300 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.
- F4This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $236.8600 to $236.9000 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.
- F5This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $233.0700 to $234.0600 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.
- F6This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $234.0700 to $235.0600 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.
- F7This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $235.0900 to $235.6800 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.
- F8Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 18, 2015.
- F9Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.