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: Premutico Mauro (VP, Legal & GM, Licensing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-05	Common Stock	F	228	$160.13	Disposed	55885	Direct
2020-03-06	Common Stock	F	248	$155.85	Disposed	55637	Direct
2020-03-06	Common Stock	A	13860	$0.0	Acquired	69497	Direct
2020-03-07	Common Stock	F	258	$155.85	Disposed	69239	Direct
2020-03-07	Common Stock	A	1456	$0.0	Acquired	70695	Direct
2020-03-07	Common Stock	F	774	$155.85	Disposed	69921	Direct

Footnotes

F1: These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2020 of 396 shares of restricted stock previously granted to Mr. Premutico.

F2: These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2020 of 472 shares of restricted stock previously granted to Mr. Premutico.

F3: These units were granted to Mr. Premutico 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.

F4: These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 485 shares of restricted stock previously granted to Mr. Premutico.

F5: These shares were granted to Mr. Premutico 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.

F6: These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 1,456 shares of restricted stock previously granted to Mr. Premutico.