SEC Form 4 · accession 0001209191-18-010793
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent J Morales
Officer — Senior VP & CFO
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 3:35 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 StockF1 | Feb 14, 2018 | A | 132 | $0.00 | A | 9,797 | D | |
| Common StockF2 | Feb 14, 2018 | A | 1,170 | $0.00 | A | 10,967 | D | |
| Common Stock | Feb 14, 2018 | F | 406 | $116.32 | D | 10,561 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3 | $116.32 | Feb 14, 2018 | A | 17,072 | A | Feb 14, 2021 | Feb 13, 2028 | Common Stock | 17,072 | 17,072 | D |
| Phantom Stock UnitsF6,F4,F5 | — | Feb 14, 2018 | A | 1 | A | — | — | Common Stock | 1 | 346 | D |
Explanation of responses
- F1Settlement of 2015 total shareholder return contingent shares award.
- F2Settlement of 2015 restricted stock unit performance award.
- F3Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
- F4The security converts to common stock on a one-for-one basis.
- F5After termination of employment with PPG.
- F6Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.