SEC Form 4 · accession 0001209191-15-020221
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael H McGarry
Officer — President & COO
Period of report
Feb 26, 2015
Accepted (ET)
Mar 2, 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 26, 2015 | M | 6,664 | $89.94 | A | 46,371 | D | |
| Common StockF1 | Feb 26, 2015 | S | 6,664 | $235.5996 | D | 39,707 | D | |
| Common StockF2 | holding | — | — | — | 6,869 | 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 26, 2015 | M | 6,664 | D | Feb 15, 2015 | Feb 14, 2022 | Common Stock | 6,664 | 6,000 | D |
| Phantom Stock UnitsF6,F4,F5 | — | Feb 27, 2015 | A | 9 | A | — | — | Common Stock | 9 | 529 | 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 $235.4500 to $235.7300 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 26, 2015.
- F3Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
- F4The security converts to common stock on a one-for-one basis.
- F5After termination of employment with PPG.
- F6Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.