PPG INDUSTRIES INC — Director's Dealing 2013

Feb 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2013-01-31

Reporting Person: BUNCH CHARLES E (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-31	Common Stock	S	3290	$0.00	Disposed	282175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-31	Phantom Stock Units	$	A	23.66	Acquired		Common Stock (23.66)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11675.1801	Indirect

Footnotes

F1: The reporting person tendered 21,958 shares of common stock of PPG Industries, Inc. ("PPG") in an exchange offer commenced by PPG on December 27, 2012 in exchange for 3.2562 shares of common stock of Eagle Spinco Inc. ("Splitco") per share of PPG stock tendered, which is adjusted by a proration factor. On January 31, 2013, PPG announced a final proration factor of 14.986286% for the exchange offer. In connection with the previously announced merger of a wholly owned subsidiary of Axiall Corporation with Splitco, each share of Splitco common stock received by the reporting person in the exchange offer converted automatically into one share of Axiall Corporation common stock.

F2: Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of January 31, 2013.

F3: The security converts to common stock on a one-for-one basis.

F4: After termination of employment with PPG.

F5: Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.