AI assistant
PPG INDUSTRIES INC — Director's Dealing 2010
Feb 16, 2010
30239_dirs_2010-02-16_5c80965c-da84-4697-86e6-66e158cc9d17.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2010-02-14
Reporting Person: RIPP ROBERT (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-14 | Restricted Stock Units | $ | M | 875 | Disposed | Common Stock (875) | Direct | |
| 2010-02-14 | Phantom Stock Units | $ | M | 875 | Acquired | Common Stock (875) | Direct |
Footnotes
F1: Upon the vesting of restricted stock units on February 14, 2010, which were granted to the reporting person on February 14, 2007, the reporting person deferred the receipt of 875shares of common stock and received instead 875 shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 875 shares of common stock in exchange for an equal number of shares in phantom stock.
F2: The security converts to common stock on a one-for-one basis.
F3: After termination of service as a Director of PPG Industries, Inc.
F4: Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors.