SEC Form 4 · accession 0001209191-17-011877
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
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 11:32 am 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 | Feb 15, 2017 | A | 299 | $0.00 | A | 10,505 | D | |
| Common Stock | Feb 15, 2017 | F | 114 | $101.50 | D | 10,391 | D | |
| Common StockF2 | holding | — | — | — | 4,587 | 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 | $101.50 | Feb 15, 2017 | A | 11,032 | A | Feb 15, 2020 | Feb 14, 2027 | Common Stock | 11,032 | 11,032 | D |
| Phantom Stock UnitsF4,F7,F5,F6 | — | Feb 15, 2017 | A | 2,085 | A | — | — | Common Stock | 2,085 | 6,597 | D |
Explanation of responses
- F1Settlement of 2014 total shareholder return contingent shares award.
- F2Total amount of shares held for the reporting person's account in the PPG Industries Employee Savings Plan as of February 15, 2017.
- F3Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
- F4Upon the settlement of the 2014 restricted stock unit performance award, the reporting person deferred the receipt of 2,085 shares of common stock and received instead 2,085 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
- F5The security converts to common stock on a one-for-one basis.
- F6After termination of employment with PPG.
- F7Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.