SEC Form 4 · accession 0001209191-18-012847
PPG INDUSTRIES INC · PPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jean-Marie Greindl
Officer — Sr. VP, Arch Ctgs & Pres EMEA
Period of report
Feb 22, 2018
Accepted (ET)
Feb 23, 2018 · 12:13 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 22, 2018 | M | 5,300 | $65.755 | A | 27,685 | D | |
| Common StockF1 | Feb 22, 2018 | M | 4,200 | $93.53 | A | 31,885 | D | |
| Common StockF2 | Feb 22, 2018 | S | 9,500 | $115.7869 | D | 22,385 | 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,F1 | $65.755 | Feb 22, 2018 | M | 5,300 | D | Feb 20, 2016 | Feb 19, 2023 | Common Stock | 5,300 | 0 | D |
| Employee Stock OptionF3,F1 | $93.53 | Feb 22, 2018 | M | 4,200 | D | Feb 19, 2017 | Feb 18, 2024 | Common Stock | 4,200 | 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 $115.74 to $115.87 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.
- F3Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.