Statement of Changes in Beneficial Ownership (4)
February 17 2017 - 11:34AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
KNAVISH TIMOTHY M
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2. Issuer Name
and
Ticker or Trading Symbol
PPG INDUSTRIES INC
[
PPG
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Sr. VP, Automotive Coatings
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(Last)
(First)
(Middle)
PPG INDUSTRIES, INC., ONE PPG PLACE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
2/15/2017
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(Street)
PITTSBURGH, PA 15272
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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2/15/2017
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A
(1)
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299
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A
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$0.00
(1)
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10505
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D
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Common Stock
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2/15/2017
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F
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114
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D
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$101.50
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10391
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D
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Common Stock
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4587.313
(2)
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I
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By 401(k) Plan
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Options
(3)
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$101.50
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2/15/2017
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A
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11032
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2/15/2020
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2/14/2027
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Common Stock
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11032
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$0.00
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11032
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D
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Phantom Stock Units
(4)
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(5)
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2/15/2017
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A
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2085
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(6)
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(6)
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Common Stock
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2085
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(4)
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6596.5296
(7)
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D
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Explanation of Responses:
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(
1)
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Settlement of 2014 total shareholder return contingent shares award.
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(
2)
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Total amount of shares held for the reporting person's account in the PPG Industries Employee Savings Plan as of February 15, 2017.
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(
3)
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Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
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(
4)
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Upon the settlement of the 2014 restricted stock unit performance award, the reporting person deferred the receipt of 2,085 shares of common stock and received instead 2,085 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
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(
5)
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The security converts to common stock on a one-for-one basis.
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(
6)
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After termination of employment with PPG.
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(
7)
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Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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KNAVISH TIMOTHY M
PPG INDUSTRIES, INC.
ONE PPG PLACE
PITTSBURGH, PA 15272
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Sr. VP, Automotive Coatings
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Signatures
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/s/ Greg E. Gordon, Attorney-in-Fact for Timothy M. Knavish
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2/17/2017
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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