UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2017

Mar 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2017-03-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-07	Common Stock	A	4079	—	Acquired	415261	Direct
2017-03-07	Common Stock	A	6644	—	Acquired	421905	Direct
2017-03-07	Common Stock	F	2991	$83.25	Disposed	418914	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: These units were granted to Mr. Rosenblatt under the Company's Long Term Incentive Plan as part of his 2017 compensation and are subject to a time-based vesting restriction, with one-third of the total unit amount vesting on each of March 7, 2018, 2019, and 2020.

F2: These shares were granted to Mr. Rosenblatt as performance units under the Company's Long Term Incentive Plan as part of his 2014 compensation and vested subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on March 7, 2017 as having occurred.

F3: These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2017 of 6,644 shares of restricted stock previously granted to Mr. Rosenblatt.

F4: These shares are held by Mr. Rosenblatt's children and are being reported as beneficially owned by him.

F5: 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.