Sec Form 4 Filing - Premutico Mauro @ UNIVERSAL DISPLAY CORP \PA\ - 2020-03-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Premutico Mauro
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL DISPLAY CORP \PA\ [ OLED]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP, Legal & GM, Licensing
(Last) (First) (Middle)
C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BLVD.
3. Date of Earliest Transaction (MM/DD/YY)
03/05/2020
(Street)
EWING, NJ08618
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/05/2020 F 228 ( 1 ) D $ 160.13 55,885 D
Common Stock 03/06/2020 F 248 ( 2 ) D $ 155.85 55,637 D
Common Stock 03/06/2020 A 13,860 ( 3 ) A $ 0 69,497 D
Common Stock 03/07/2020 F 258 ( 4 ) D $ 155.85 69,239 D
Common Stock 03/07/2020 A 1,456 ( 5 ) A $ 0 70,695 D
Common Stock 03/07/2020 F 774 ( 6 ) D $ 155.85 69,921 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Premutico Mauro
C/O UNIVERSAL DISPLAY CORPORATION
375 PHILLIPS BLVD.
EWING, NJ08618
VP, Legal & GM, Licensing
Signatures
/s/ Mauro Premutico 03/09/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2020 of 396 shares of restricted stock previously granted to Mr. Premutico.
( 2 )These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2020 of 472 shares of restricted stock previously granted to Mr. Premutico.
( 3 )These units were granted to Mr. Premutico under the Company's Long Term Incentive Plan as part of his 2020 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of March 6, 2021, 2022, and 2023.
( 4 )These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 485 shares of restricted stock previously granted to Mr. Premutico.
( 5 )These shares were granted to Mr. Premutico as performance units under the Company's Long Term Incentive Plan as part of his 2017 compensation and vested on March 7, 2020 subject to the satisfaction of certain performance conditions, which our Compensation Committee certified on February 13, 2020 as having occurred.
( 6 )These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 1,456 shares of restricted stock previously granted to Mr. Premutico.

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