SEC Form 4 · accession 0001209191-15-076212
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
Oct 19, 2015
Accepted (ET)
Oct 20, 2015 · 9:11 am EDT
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 | Oct 19, 2015 | M | 11,916 | $55.01 | A | 40,178 | D | |
| Common StockF1 | Oct 19, 2015 | S | 11,916 | $100.98 | D | 28,262 | D | |
| Common StockF2 | holding | — | — | — | 8,107 | 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,F4 | $55.01 | Oct 19, 2015 | M | 11,916 | D | Sep 1, 2015 | Aug 31, 2022 | Common Stock | 11,916 | 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 $100.8600 to $101.0600 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.
- F2Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of October 19, 2015.
- F3Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
- F4This reflects the Company's two-for-one stock split of its common stock on June 12, 2015, effected in the form of a 100% stock dividend.