SEC Form 4 · accession 0001209191-16-135827
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy M Knavish
Officer — Sr. VP, Automotive Coatings
Period of report
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 3:45 pm 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 | Aug 4, 2016 | M | 1,600 | $54.03 | A | 11,806 | D | |
| Common StockF1 | Aug 4, 2016 | M | 7,700 | $65.755 | A | 19,506 | D | |
| Common StockF2 | Aug 4, 2016 | S | 9,300 | $104.0786 | D | 10,206 | D | |
| Common StockF3 | holding | — | — | — | 4,550 | 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 | $54.03 | Aug 4, 2016 | M | 1,600 | D | Aug 1, 2015 | Jul 31, 2022 | Common Stock | 1,600 | 0 | D |
| Employee Stock OptionsF4,F1 | $65.755 | Aug 4, 2016 | M | 7,700 | D | Feb 20, 2016 | Feb 19, 2023 | Common Stock | 7,700 | 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 $103.9500 to $104.2000 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 August 4, 2016.
- F4Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.