SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Morales Vincent J

(Last) (First) (Middle)
PPG INDUSTRIES, INC.
ONE PPG PLACE

(Street)
PITTSBURGH PA 15272

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP & CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/17/2021 A(1) 3,933 A $0.00(1) 18,511 D
Common Stock 02/17/2021 F 1,138 D $136.6 17,373 D
Common Stock 6,355.539(2) I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option(3) $136.6 02/17/2021 A 26,193 02/17/2024 02/16/2031 Common Stock 26,193 $0.00 26,193 D
Phantom Stock Units (4) 02/17/2021 A 3,186 (5) (5) Common Stock 3,186 (4) 4,231.8487(6) D
Explanation of Responses:
1. Settlement of 2018 restricted stock unit performance award.
2. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 17, 2021.
3. Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
4. Upon the settlement of the 2018 Total Shareholder Return award, the reporting person deferred the receipt of 3,186 shares of common stock and received instead 3,186 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
5. After termination of employment with PPG.
6. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.
Remarks:
/s/ Greg E. Gordon, Attorney-in-Fact for Vincent J. Morales 02/19/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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