Sec Form 4 Filing - MCGARRY MICHAEL H @ PPG INDUSTRIES INC - 2020-10-22

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
MCGARRY MICHAEL H
2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman of the Board and CEO
(Last) (First) (Middle)
PPG INDUSTRIES, INC., ONE PPG PLACE,
3. Date of Earliest Transaction (MM/DD/YY)
10/22/2020
(Street)
PITTSBURGH, PA15272
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 10/22/2020 M 21,682 ( 1 ) A $ 93.53 ( 1 ) 173,940 D
Common Stock 10/22/2020 M 9,340 ( 1 ) A $ 99.2 ( 1 ) 183,280 D
Common Stock 10/22/2020 M 50,000 A $ 95 233,280 D
Common Stock 10/22/2020 S 56,560 D $ 133.4414 ( 2 ) 176,720 D
Common Stock 10/22/2020 S 23,662 D $ 134.1124 ( 3 ) 153,058 D
Common Stock 10/22/2020 S 800 D $ 134.8 152,258 D
Common Stock 15,013.965 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 (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
Employee Stock Options $ 93.53 ( 1 ) 10/22/2020 M 21,682 02/19/2017 02/18/2024 Common Stock 21,682 ( 1 ) $ 0 0 D
Employee Stock Options $ 99.2 ( 1 ) 10/22/2020 M 9,340 08/01/2017 07/31/2024 Common Stock 9,340 ( 1 ) $ 0 0 D
Employee Stock Options $ 95 10/22/2020 M 50,000 02/17/2019 02/16/2026 Common Stock 50,000 $ 0 61,867 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MCGARRY MICHAEL H
PPG INDUSTRIES, INC.
ONE PPG PLACE,
PITTSBURGH, PA15272
X Chairman of the Board and CEO
Signatures
/s/ Greg E. Gordon, Attorney-in-Fact for Michael H. McGarry 10/26/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This total reflects the Company's two-for-one stock split of its common stock on June 12, 2015, effected in the form of a 100% stock dividend.
( 2 )This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $132.8050 to $133.7900 per share, inclusive. The reporting person will provide, upon request of the SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.
( 3 )This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $133.8000 to $134.7200 per share, inclusive. The reporting person will provide, upon request of the SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.

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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