UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2015

Jan 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2015-01-08

Reporting Person: ABRAMSON STEVEN V (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-16	Common Stock	G	1000	—	Disposed	141077	Direct
2015-01-08	Common Stock	M	23000	$8.14	Acquired	164160	Direct
2015-01-08	Common Stock	S	10715	$27.94	Disposed	153445	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-08	Employee Stock Option (right to buy)	$8.14	M	23000	Disposed	2015-01-18	Common Stock (23000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	230260	Indirect

Footnotes

F1: Includes 235 shares, 200 shares, and 237 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on March 31, June 30, and September 30, 2014, respectively, as well as a deduction of 398 shares required to be withheld for payment of additional taxes in connection with the prior vesting of restricted shares.

F2: Includes 83 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on December 31, 2014.

F3: These shares were sold pursuant to a Rule 10b5-1Non-Discretionary Trading Plan previously enter into by Mr. Abramson.

F4: Represents the weighted average of a range of sale prices per share from $27.89 to $28. 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.

F5: Mr. Abramson transferred these shares to The Steven V. Abramson July 2014 Annuity Trust on July 16, 2014.