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

Jan 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2014-01-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-11	Common Stock	G	450	—	Disposed	269329	Direct
2013-12-16	Common Stock	G	700	—	Disposed	268629	Direct
2013-12-16	Common Stock	G	80	—	Disposed	268549	Direct
2014-01-06	Common Stock	F	1027	$33.04	Disposed	267574	Direct
2014-01-06	Common Stock	M	34097	$16.94	Acquired	301671	Direct
2014-01-06	Common Stock	S	34097	$33.49	Disposed	267574	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-06	Employee Stock Option (right to buy)	$16.94	M	34097	Disposed	2014-01-20	Common Stock (34097)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3250	Indirect
Common Stock	110836	Indirect

Footnotes

F1: Includes 42 shares and 65 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on June 30, 2013 and September 30, 2013, respectively.

F2: These shares were withheld to satisfy a tax liability in connection with the vesting on January 6, 2014 of 2,875 shares of restricted stock previously granted to Mr. Rosenblatt.

F3: Includes 52 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on December 31, 2013.

F4: These shares were sold pursuant to a 10(b)(5)-1 Non-Discretionary Trading Plan previously entered into by Mr. Rosenblatt.

F5: Represents the weighted average of a range of sale prices per share from $33.25 to $33.90. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price.

F6: These shares are held by Mr. Rosenblatt's children and are being reported as beneficially owned by him.

F7: 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.