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PPG INDUSTRIES INC — Director's Dealing 2015
Feb 17, 2015
30239_dirs_2015-02-17_21cd8b03-67e6-4a29-8551-32284eac61cf.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2015-02-15
Reporting Person: HAYNES VICTORIA F (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-15 | Restricted Stock Units | $ | M | 1279 | Disposed | Common Stock (1279) | Direct | |
| 2015-02-15 | Phantom Stock Units | $ | M | 1279 | Acquired | Common Stock (1279) | Direct |
Footnotes
F1: Upon the vesting of restricted stock units on February 15, 2015, which were granted to the reporting person on February 15, 2012, the reporting person deferred the receipt of 1,279 shares of common stock and received instead 1,279 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 1,279 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.