SEC Form 4 · accession 0001209191-17-016285
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank S Sklarsky
Officer — Executive VP & CFO
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 10:36 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 28, 2017 | M | 10,000 | $0.00 | A | 32,873 | D | |
| Common Stock | Feb 28, 2017 | F | 6,249 | $102.43 | D | 26,624 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 28, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 0 | D |
| Phantom Stock UnitsF4,F2,F3 | — | Feb 28, 2017 | A | 21 | A | — | — | Common Stock | 21 | 994 | D |
| Restricted Stock UnitsF5 | — | Mar 1, 2017 | D | 14,000 | D | — | — | Common Stock | 14,000 | 0 | D |
Explanation of responses
- F1Upon the vesting of restricted stock units on February 28, 2017, which were granted to the reporting person on April 15, 2013, the reporting person is reporting the acquisition of 10,000 shares of common stock.
- F2The security converts to common stock on a one-for-one basis.
- F3After termination of employment with PPG.
- F4Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.
- F5Represents forfeiture of restricted stock units granted on April 15, 2013 in connection with the reporting person's resignation as an officer of the company effective March 1, 2017.