Statement of Changes in Beneficial Ownership (4)
February 17 2023 - 10:19AM
Edgar (US Regulatory)
FORM 4
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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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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
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Foulkes Anne M. |
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 and General Counsel |
(Last)
(First)
(Middle)
PPG INDUSTRIES, INC., ONE PPG PLACE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/15/2023 |
(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 | 2/15/2023 | | A(1) | | 2361 | A | $0.00 (1) | 12938 | D | |
Common Stock | 2/15/2023 | | F | | 673 | D | $131.04 | 12265 | D | |
Common Stock | | | | | | | | 6104.21 (2) | I | By 401(k) Plan |
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 |
Employee Stock Options (3) | $131.04 | 2/15/2023 | | A | | 12874 | | 2/15/2026 | 2/14/2033 | Common Stock | 12874 | $0.00 | 12874 | D | |
Phantom Stock Units | (4) | 2/15/2023 | | A | | 10.593 | | (5) | (5) | Common Stock | 10.593 | $131.04 | 557.4669 (6) | D | |
Explanation of Responses: |
(1) | Settlement of 2020 restricted stock unit performance award. |
(2) | Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 15, 2023. |
(3) | Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan. |
(4) | The security converts to common stock on a one-for-one basis. |
(5) | After termination of employment with PPG. |
(6) | Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Foulkes Anne M. PPG INDUSTRIES, INC. ONE PPG PLACE PITTSBURGH, PA 15272 |
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| Sr. VP and General Counsel |
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Signatures
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/s/ Greg E. Gordon, Attorney-in-Fact for Anne M. Foulkes | | 2/17/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
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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