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UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2011
Jan 7, 2011
30834_dirs_2011-01-07_06dcd91c-80e4-447b-bf02-5162e1fd7900.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: 2011-01-06
Reporting Person: Hack Michael G (GM OLED Lighting & Displays,VP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-06 | Common Stock | A | 2875 | — | Acquired | 14931 | Direct |
| 2011-01-06 | Common Stock | F | 1159 | $34.78 | Disposed | 13772 | Direct |
| 2011-01-06 | Common Stock | A | 2875 | — | Acquired | 16647 | Direct |
| 2011-01-06 | Common Stock | F | 1274 | $34.78 | Disposed | 15373 | Direct |
| 2011-01-06 | Common Stock | A | 7417 | — | Acquired | 22790 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-06 | Stock Appreciation Right | $34.78 | A | 7000 | Acquired | 2012-01-06 | Common Stock (7000) | Direct |
Footnotes
F1: Includes 135 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on December 31, 2010.
F2: These shares were withheld to satisfy a tax liability.
F3: These shares are subject to a vesting restriction, with one-third of the total share amount vesting on each of January 6, 2012, 2013 and 2014.
F4: These shares were withheld to satisfy a tax liability in connection with the vesting, on January 6, 2011, of 3,557 shares of restricted stock previously granted to Dr. Hack.
F5: These shares are subject to a one-year vesting restriction. The shares may not be sold or otherwise disposed of until five years after the vesting date.
F6: This SAR is subject to a one-year vesting restriction, and is exercisable solely for cash.