PPG INDUSTRIES INC 4
4 · PPG INDUSTRIES INC · Filed Feb 17, 2015
Insider Transaction Report
Form 4
USHER THOMAS J
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-02-15−1,279→ 0 total→ Common Stock (1,279 underlying) - Exercise/Conversion
Phantom Stock Units
2015-02-15+1,279→ 35,998.913 total→ Common Stock (1,279 underlying)
Footnotes (4)
- [F1]Upon the vesting of restricted stock units on February 15, 2015, which were granted to the reporting person on February 15, 2012, the reporting person deferred the receipt of 1,279 shares of common stock and received instead 1,279 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 1,279 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.