PPG INDUSTRIES INC — Director's Dealing 2012

Feb 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2012-02-18

Reporting Person: USHER THOMAS J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-18	Restricted Stock Units	$	M	2934	Disposed		Common Stock (2934)	Direct
2012-02-18	Phantom Stock Units	$	M	2934	Acquired		Common Stock (2934)	Direct

Footnotes

F1: Upon the vesting of restricted stock units on February 18, 2012, which were granted to the reporting person on February 18,2009, the reporting person deferred the receipt of 2,934 shares of common stock and received instead 2,934 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 2,934 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.