UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2014

Dec 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2014-12-23

Reporting Person: ROSENBLATT SIDNEY D (Director, EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-07	Common Stock	G	350	—	Disposed	209642	Direct
2014-10-27	Common Stock	G	850	—	Disposed	208792	Direct
2014-10-28	Common Stock	G	350	—	Disposed	208442	Direct
2014-12-16	Common Stock	G	200	—	Disposed	208242	Direct
2014-12-23	Common Stock	M	37715	$8.14	Acquired	245957	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-23	Employee Stock Option (right to buy)	$8.14	M	37715	Disposed	2015-01-18	Common Stock (37715)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	43028	Indirect
Common Stock	3250	Indirect
Common Stock	110836	Indirect

Footnotes

F1: Includes 59 shares, 50 shares, and 59 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on March 31, June 30, and September 30, 2014, respectively.

F2: Mr. Rosenblatt transferred these shares to the Sidney Rosenblatt June 2018 Annuity Trust on June 18, 2014.

F3: These shares are held by Mr. Rosenblatt's children and are being reported as beneficially owned by him.

F4: These shares are held by the Rosenblatt Family Limited Partnership, a limited partnership of which he is the sole general partner and he and his children are the sole limited partners.