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*
MCGARRY MICHAEL H

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2023
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 07/25/2023 M 28,414 A $118.12 224,120 D
Common Stock 07/25/2023 M 16,760 A $105.98 240,880 D
Common Stock 07/25/2023 M 59,826 A $101.5 300,706 D
Common Stock 07/26/2023 M 58,378 A $101.5 359,084 D
Common Stock 07/25/2023 S 11,122 D $147.2108(1) 347,962 D
Common Stock 07/25/2023 S 47,832 D $147.2709(2) 300,130 D
Common Stock 07/25/2023 S 45,884 D $148.0266(3) 254,246 D
Common Stock 07/25/2023 S 162 D $146.6685(4) 254,084 D
Common Stock 07/26/2023 S 30,096 D $145.0866(5) 223,988 D
Common Stock 07/26/2023 S 28,282 D $145.8479(6) 195,706 D
Common Stock 15,712.12(7) 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 Options $118.12 07/25/2023 M 28,414 02/18/2018 02/17/2025 Common Stock 28,414 $0.00 0 D
Employee Stock Options $105.98 07/25/2023 M 16,760 09/01/2019 08/31/2026 Common Stock 16,760 $0.00 0 D
Employee Stock Options $101.5 07/25/2023 M 59,826 02/15/2020 02/14/2027 Common Stock 59,826 $0.00 58,378 D
Employee Stock Options $101.5 07/26/2023 M 58,378 02/15/2020 02/14/2027 Common Stock 58,378 $0.00 0 D
Explanation of Responses:
1. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $146.5400 to $147.5300 per share, inclusive. The reporting person will provide, upon request of SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.
2. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $146.7200 to $147.7150 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 $147.7200 to $148.5200 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.
4. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $146.6500 to $146.6800 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.
5. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $144.5200 to $145.5100 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.
6. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $145.5200 to $146.2200 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 hold at each price within the range.
7. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of July 26, 2023.
Remarks:
/s/ Greg E. Gordon, Attorney-in-Fact for Michael H. McGarry 07/27/2023
** 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.