SEC Form 4 · accession 0001209191-15-077962
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia A Niekamp
Officer — Sr. VP, Automotive Coatings
Period of report
Oct 30, 2015
Accepted (ET)
Nov 3, 2015 · 1:02 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 StockF1,F2 | Oct 30, 2015 | S | 7,200 | $104.3526 | D | 60,498 | D | |
| Common StockF3 | holding | — | — | — | 414 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF6,F4,F5 | — | Oct 31, 2015 | A | 37 | A | — | — | Common Stock | 37 | 6,273 | D |
Explanation of responses
- F1This 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.
- F2This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $103.9800 to $104.6800 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.
- F3Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of October 30, 2015.
- 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.