Statement of Changes in Beneficial Ownership (4)
March 09 2021 - 4:20PM
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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
*
ROSENBLATT SIDNEY D |
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL DISPLAY CORP PA
[
OLED
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP and CFO |
(Last)
(First)
(Middle)
C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BLVD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/2/2021 |
(Street)
EWING, NJ 08618
(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 | 3/2/2021 | | A | | 18649 (1) | A | $0.00 | 161735 | D | |
Common Stock | 3/5/2021 | | F | | 352 (2) | D | $189.08 | 161383 | D | |
Common Stock | 3/6/2021 | | F | | 420 (3) | D | $189.08 | 160963 | D | |
Common Stock | 3/6/2021 | | F | | 3629 (4) | D | $189.08 | 157334 | D | |
Common Stock | 3/6/2021 | | F | | 5427 (5) | D | $189.08 | 151907 | D | |
Common Stock | 3/6/2021 | | A | | 744 (6) | A | $0.00 | 152651 | D | |
Common Stock | 3/6/2021 | | F | | 315 (7) | D | $189.08 | 152336 | D | |
Common Stock | | | | | | | | 92275 | I | By Grantor Retained Annuity Trust |
Common Stock | | | | | | | | 13000 | I | By Spouse |
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) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | These units were granted to Mr. Rosenblatt under the Company's Long Term Incentive Plan as part of his 2021 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of March 2, 2022, 2023, and 2024. |
(2) | These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2021 of 831 shares of restricted stock previously granted to Mr. Rosenblatt. |
(3) | These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 991 shares of restricted stock previously granted to Mr. Rosenblatt. |
(4) | These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 8,556 shares of restricted stock previously granted to Mr. Rosenblatt. |
(5) | These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 12,800 shares of restricted stock previously granted to Mr. Rosenblatt. |
(6) | These shares were granted to Mr. Rosenblatt as performance units under the Company's Long Term Incentive Plan as part of his 2018 compensation and vested on March 6, 2021 subject to the satisfaction of certain performance conditions, which our Human Capital Committee certified on February 16, 2021 as having occurred. |
(7) | These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 744 shares of restricted stock previously granted to Mr. Rosenblatt. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
ROSENBLATT SIDNEY D C/O UNIVERSAL DISPLAY CORPORATION 375 PHILLIPS BLVD. EWING, NJ 08618 | X |
| EVP and CFO |
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Signatures
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/s/ Sidney. D. Rosenblatt (by Mauro Premutico as power of attorney) | | 3/9/2021 |
**Signature of Reporting Person | Date |
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