PPG INDUSTRIES INC 4
4 · PPG INDUSTRIES INC · Filed Feb 23, 2016
Insider Transaction Report
Form 4
USHER THOMAS J
Director
Transactions
- Exercise/Conversion
Phantom Stock Units
2016-02-20+1,750→ 75,997.482 total→ Common Stock (1,750 underlying) - Exercise/Conversion
Restricted Stock Units
2016-02-20−1,750→ 0 total→ Common Stock (1,750 underlying)
Footnotes (4)
- [F1]Upon the vesting of restricted stock units on February 20, 2016, which were granted to the reporting person on February 20, 2013, the reporting person deferred the receipt of 1,750 shares of common stock and received instead 1,750 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 1,750 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.