SEC Form 4 · accession 0001209191-16-102812
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn E Bost II
Officer — Sr. VP & Gen. Counsel
Period of report
Feb 25, 2016
Accepted (ET)
Feb 26, 2016 · 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, 2016 | M | 24,360 | $65.75 | A | 65,861 | D | |
| Common StockF1 | Feb 25, 2016 | S | 29,200 | $95.1885 | D | 36,661 | D | |
| Common StockF2 | Feb 25, 2016 | S | 3,725 | $95.9286 | D | 32,936 | D | |
| Common StockF3 | holding | — | — | — | 21 | 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 OptionF4 | $65.75 | Feb 25, 2016 | M | 24,360 | D | Feb 20, 2016 | Feb 19, 2023 | Common Stock | 24,360 | 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 $94.5700 to $95.5600 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 $95.5700 to $96.5100 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 February 25, 2016.
- F4Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.