SEC Info - Premutico Mauro - ‘4’ for 1/27/21 re: Universal Display Corp./PA

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^*

Premutico Mauro

(Last)

(First)

(Middle)

C/O UNIVERSAL DISPLAY CORPORATION

375 PHILLIPS BLVD.

(Street)

EWING

08618

(City)

(State)

(Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
1/27/21

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	1/27/21		G	V	9,351 ⁽¹⁾	D	$0.00	40,015 ⁽²⁾	D
Common Stock	3/2/21		A		10,070 ⁽³⁾	A	$0.00	50,085	D
Common Stock	3/5/21		F		215 ⁽⁴⁾	D	$189.08	49,870	D
Common Stock	3/6/21		F		258 ⁽⁵⁾	D	$189.08	49,612	D
Common Stock	3/6/21		A		354 ⁽⁶⁾	A	$0.00	49,966	D
Common Stock	3/6/21		F		210 ⁽⁷⁾	D	$189.08	49,756	D
Common Stock	3/6/21		F		2,539 ⁽⁸⁾	D	$189.08	47,217	D
Common Stock	1/27/21		G	V	9,351	A	$0.00	9,351	I	By Grantor Retained Annuity Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

(1) Reflects transfer to a grantor retained annuity trust on January 27, 2021.

(2) Includes 31 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on September 30, 2020.

(3) These units were granted to Mr. Premutico under the Company's Long Term Incentive Plan as part of his 2021 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of March 2, 2022, 2023, and 2024.

(4) These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2021 of 395 shares of restricted stock previously granted to Mr. Premutico.

(5) These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 471 shares of restricted stock previously granted to Mr. Premutico.

(6) These shares were granted to Mr. Premutico as performance units under the Company's Long Term Incentive Plan as part of his 2018 compensation and vested on March 6, 2021 subject to the satisfaction of certain performance conditions, which our Human Capital Committee certified on February 16, 2021 as having occurred.

(7) These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 354 shares of restricted stock previously granted to Mr. Premutico.

(8) These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 4,620 shares of restricted stock previously granted to Mr. Premutico.

Remarks:

	/s/ Mauro Premutico	3/9/21
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).
F	Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
G	Bona fide gift.

Premutico Mauro – ‘4’ for 1/27/21 re: Universal Display Corp./PA

On: Tuesday, 3/9/21, at 4:08pm ET · For: 1/27/21 · Accession #: 1209191-21-18939 · File #: 1-12031

Previous ‘4’: ‘4’ on 8/13/20 for 8/12/20 · Next: ‘4’ on 4/8/21 for 4/6/21 · Latest: ‘4’ on 3/11/24 for 3/7/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Premutico Mauro – ‘4’ for 1/27/21 re: Universal Display Corp./PA

On: Tuesday, 3/9/21, at 4:08pm ET · For: 1/27/21 · Accession #: 1209191-21-18939 · File #: 1-12031

Previous ‘4’: ‘4’ on 8/13/20 for 8/12/20 · Next: ‘4’ on 4/8/21 for 4/6/21 · Latest: ‘4’ on 3/11/24 for 3/7/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents