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UNIVERSAL DISPLAY CORP \PA\ Director's Dealing 2010

Jan 8, 2010

30834_dirs_2010-01-08_a5b2d5b7-cd3a-4e99-8931-18daf34a29b0.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (PANL)
CIK: 0001005284
Period of Report: 2010-01-06

Reporting Person: BROWN JULIA J (Chief Technical Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-01-06 Common Stock A 14608 Acquired 144360 Direct
2010-01-06 Common Stock F 4730 $14.17 Disposed 139630 Direct
2010-01-06 Common Stock A 14114 Acquired 153744 Direct
2010-01-06 Common Stock F 2139 $14.17 Disposed 151605 Direct

Footnotes

F1: Includes 964 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on September 30, 2009, and 1,003 shares acquired under the plan on December 31, 2009.

F2: These shares were withheld to satisfy a tax liability.

F3: These shares are subject to a vesting restriction, with one-third of the total share amount vesting on each of January 6, 2011, 2012 and 2013.

F4: These shares were withheld to satisfy a tax liability in connection with the vesting, on January 6, 2010, of 7,246 shares of restricted stock previously granted to Dr. Brown.