SEC Form 4 · accession 0001209191-16-134214
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
Jul 26, 2016
Accepted (ET)
Jul 28, 2016 · 10:15 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 StockF1 | Jul 26, 2016 | M | 30,450 | $65.755 | A | 69,044 | D | |
| Common StockF2 | Jul 26, 2016 | S | 40,950 | $106.6426 | D | 28,094 | D | |
| Common StockF3 | holding | — | — | — | 8,351 | 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 OptionsF4,F1 | $65.755 | Jul 26, 2016 | M | 30,450 | D | Feb 20, 2016 | Feb 19, 2023 | Common Stock | 30,450 | 0 | 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 $106.4700 to $106.8800 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 July 26, 2016.
- F4Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.