SEC Form 4 · accession 0001209191-15-019523
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Viktoras R Sekmakas
Officer — Executive Vice President
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 4:03 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 25, 2015 | M | 12,664 | $89.94 | A | 33,488 | D | |
| Common StockF1 | Feb 25, 2015 | S | 19,278 | $236.3484 | D | 14,210 | D | |
| Common Stock | Feb 25, 2015 | S | 100 | $236.70 | D | 14,110 | D | |
| Common StockF2 | holding | — | — | — | 3,933 | 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 | $89.94 | Feb 25, 2015 | M | 12,664 | D | Feb 15, 2015 | Feb 14, 2022 | Common Stock | 12,664 | 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 $235.6950 to $236.6900 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 February 25, 2015.
- F3Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.