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UNIVERSAL DISPLAY CORP \PA\ Director's Dealing 2011

Jan 11, 2011

30834_dirs_2011-01-11_ca2b5713-35ff-43e5-b1c0-4fc0dac22332.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (PANL)
CIK: 0001005284
Period of Report: 2011-01-09

Reporting Person: ROSENBLATT SIDNEY D (Director, EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-09	Common Stock	F	3298	$34.59	Disposed	528262	Direct
2011-01-11	Common Stock	S	5042	$35.0007	Disposed	523220	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1790	Indirect

Footnotes

F1: These shares were withheld to satisfy a tax liability in connection with the vesting, on January 9, 2011, of 5,452 shares of restricted stock previously granted to Mr. Rosenblatt.

F2: These shares were sold pursuant to a Rule 10b5-1 Non-Discretionary Trading Plan entered into by Mr. Rosenblatt effective as of November 22, 2010.

F3: These shares are held by Mr. Rosenblatt's children and are being reported as beneficially owned by him.