UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2020

Mar 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2020-03-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-05	Common Stock	F	349	$160.13	Disposed	197940	Direct
2020-03-06	Common Stock	F	420	$155.85	Disposed	197520	Direct
2020-03-06	Common Stock	A	25666	$0.0	Acquired	223186	Direct
2020-03-07	Common Stock	F	576	$155.85	Disposed	222610	Direct
2020-03-07	Common Stock	A	4080	$0.0	Acquired	226690	Direct
2020-03-07	Common Stock	F	1730	$155.85	Disposed	224960	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	53840	Indirect
Common Stock	13000	Indirect
Common Stock	50356	Indirect

Footnotes

F1: These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2020 of 831 shares of restricted stock previously granted to Mr. Rosenblatt.

F2: Includes 14 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan.

F3: These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2020 of 992 shares of restricted stock previously granted to Mr. Rosenblatt.

F4: These units were granted to Mr. Rosenblatt under the Company's Long Term Incentive Plan as part of his 2020 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of March 6, 2021, 2022, and 2023.

F5: These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 1,359 shares of restricted stock previously granted to Mr. Rosenblatt.

F6: These shares were granted to Mr. Rosenblatt as performance units under the Company's Long Term Incentive Plan as part of his 2017 compensation and vested on March 7, 2020 subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on February 13, 2020 as having occurred.

F7: These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 4,080 shares of restricted stock previously granted to Mr. Rosenblatt.

F8: These shares are held by Mr. Rosenblatt's spouse and are being reported as beneficially owned by him.

F9: These shares are held by the Rosenblatt Family Limited Partnership, a limited partnership of which Mr. Rosenblatt is the sole general partner and he and his children are the sole limited partners.