UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2016

Mar 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2016-03-01

Reporting Person: BROWN JULIA J (Chief Technical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-01	Common Stock	A	4589	—	Acquired	297505	Direct
2016-03-03	Common Stock	F	1236	$49.09	Disposed	296269	Direct

Footnotes

F1: These units were granted to Dr. Brown under the Company's Long Term Incentive Plan as part of her 2016 compensation and are subject to a time-based vesting restriction, with one-third of the total unit amount vesting on each of March 1, 2017, 2018, and 2019.

F2: These shares were withheld to satisfy a tax liability in connection with the vesting on March 3, 2016 of 4,067 shares of restricted stock previously granted to Dr. Brown.