WHITWAM DAVID R 4
4 · PPG INDUSTRIES INC · Filed Feb 19, 2013
Insider Transaction Report
Form 4
WHITWAM DAVID R
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2013-02-17−1,618→ 0 total→ Common Stock (1,618 underlying) - Exercise/Conversion
Phantom Stock Units
2013-02-17+1,618→ 48,705.335 total→ Common Stock (1,618 underlying)
Footnotes (4)
- [F1]Upon the vesting of restricted stock units on February 17, 2013, which were granted to the reporting person on February 17, 2010, the reporting person deferred the receipt of 1,618 shares of common stock and received instead 1,618 shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 1,618 shares of common stock in exchange for an equal number of shares in phantom stock.
- [F2]The security converts to common stock on a one-for-one basis.
- [F3]After termination of service as a Director of PPG Industries, Inc.
- [F4]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors.