PPG INDUSTRIES INC — Director's Dealing 2015

Mar 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2015-02-26

Reporting Person: MCGARRY MICHAEL H (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-26	Common Stock	M	6664	$89.94	Acquired	46371	Direct
2015-02-26	Common Stock	S	6664	$235.5996	Disposed	39707	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-26	Employee Stock Options	$89.94	M	6664	Disposed	2022-02-14	Common Stock (6664)	Direct
2015-02-27	Phantom Stock Units	$	A	8.709	Acquired		Common Stock (8.709)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6869.2384	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 $235.4500 to $235.7300 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: 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 26, 2015.

F3: Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.

F4: The security converts to common stock on a one-for-one basis.

F5: After termination of employment with PPG.

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