PPG INDUSTRIES INC — Director's Dealing 2014

Feb 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2014-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-14	Common Stock	M	70000	$61.81	Acquired	406893	Direct
2014-02-14	Common Stock	S	12000	$187.7265	Disposed	394893	Direct
2014-02-14	Common Stock	S	53263	$181.6447	Disposed	341630	Direct
2014-02-14	Common Stock	S	4737	$189.3205	Disposed	336893	Direct
2014-02-18	Common Stock	M	70000	$61.81	Acquired	406893	Direct
2014-02-18	Common Stock	S	65500	$186.6016	Disposed	341393	Direct
2014-02-18	Common Stock	S	3700	$187.8333	Disposed	337693	Direct
2014-02-18	Common Stock	S	800	$188.4675	Disposed	336893	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-14	Employee Stock Options	$61.81	M	70000	Disposed	2020-02-16	Common Stock (70000)	Direct
2014-02-18	Employee Stock Options	$61.81	M	70000	Disposed	2020-02-16	Common Stock (70000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11788.4831	Indirect

Footnotes

F1: This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $187.1850 to $188.1850 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.

F2: This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $188.1900 to $189.1900 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.

F3: This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $189.2000 to $189.4800 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.

F4: This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $186.2400 to $187.2400 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.

F5: This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $187.4500 to $188.4000 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.

F6: This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $188.4600 to $188.4900 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.

F7: Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 18, 2014.

F8: Right to buy granted under the PPG Industries, Inc. Omnibus Incentive Plan.