UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2019

Mar 6, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2019-03-01

Reporting Person: BROWN JULIA J (Chief Technical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	Common Stock	F	434	$152.38	Disposed	150016	Direct
2019-03-05	Common Stock	A	3441	—	Acquired	153457	Direct
2019-03-05	Common Stock	F	943	$153.07	Disposed	152514	Direct
2019-03-05	Common Stock	A	1751	—	Acquired	154265	Direct

Footnotes

F1: These shares were withheld to satisfy a tax liability in connection with the vesting on March 1, 2019 of 1,529 shares of restricted stock previously granted to Dr. Brown.

F2: These shares were granted to Dr. Brown as performance units under the Company's Long Term Incentive Plan as part of her 2016 compensation and vested subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on March 5, 2019 as having occurred.

F3: These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2019 of 3,441 shares of restricted stock previously granted to Dr. Brown.

F4: These units were granted to Dr. Brown under the Company's Long Term Incentive Plan as part of her 2019 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of March 5, 2020, 2021, and 2022.