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UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2017
Mar 9, 2017
30834_dirs_2017-03-09_c6005c40-c459-4a29-9e8b-3d5e13a54704.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2017-03-07
Reporting Person: SELIGSOHN SHERWIN I (Director, Chairman of Board and Founder)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-07 | Common Stock | A | 1975 | — | Acquired | 204754 | Direct |
| 2017-03-07 | Common Stock | A | 3215 | — | Acquired | 207969 | Direct |
| 2017-03-07 | Common Stock | F | 978 | $83.25 | Disposed | 206991 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 21000 | Indirect |
| Common Stock | 136000 | Indirect |
Footnotes
F1: These units were granted to Mr. Seligsohn under the Company's Long Term Incentive Plan as part of his 2017 compensation and are subject to a time-based vesting restriction, with one-third of the total unit amount vesting on each of March 7, 2018, 2019, and 2020.
F2: These shares were granted to Mr. Seligsohn as performance units under the Company's Long Term Incentive Plan as part of his 2014 compensation and vested subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on March 7, 2017 as having occurred.
F3: These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2017 of 3215 shares of restricted stock previously granted to Mr. Seligsohn.
F4: The Seligsohn Foundation, of which Mr. Seligsohn is the sole trustee.
F5: American Biomimetics Corporation, of which Mr. Seligsohn is the sole Director, Chairman, President and Secretary.