PPG INDUSTRIES INC — Director's Dealing 2015

Apr 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2015-04-15

Reporting Person: GRANT HUGH (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-15	Restricted Stock Units	$	M	630	Disposed		Common Stock (630)	Direct
2015-04-15	Phantom Stock Units	$	M	630	Acquired		Common Stock (630)	Direct
2015-04-16	Restricted Stock Units	$	A	546	Acquired		Common Stock (546)	Direct
2015-04-16	Phantom Stock Units	$	A	159.868	Acquired		Common Stock (159.868)	Direct

Footnotes

F1: Upon the vesting of restricted stock units on April 15, 2015, which were granted to the reporting person on April 17, 2014, the reporting person deferred the receipt of 630 shares of common stock and received instead 630 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 630 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: Each restricted stock unit represents a contingent right to receive one share of PPG Common Stock.

F5: The restricted stock units vest on April 20, 2016.

F6: Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors.