Universal Display (OLED) Form 4 UNIVERSAL DISPLAY / SIDNEY D ROSENBLATT ownership change

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^*

ROSENBLATT SIDNEY D

(Last) (First) (Middle)

C/O UNIVERSAL DISPLAY CORPORATION

375 PHILLIPS BLVD.

(Street)

EWING NJ 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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2020

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	03/05/2020		F		349(1)	D	$160.13	197,940(2)	D
Common Stock	03/06/2020		F		420(3)	D	$155.85	197,520	D
Common Stock	03/06/2020		A		25,666(4)	A	$0.0	223,186	D
Common Stock	03/07/2020		F		576(5)	D	$155.85	222,610	D
Common Stock	03/07/2020		A		4,080(6)	A	$0.0	226,690	D
Common Stock	03/07/2020		F		1,730(7)	D	$155.85	224,960	D
Common Stock								53,840	I	By Grantor Retained Annuity Trust
Common Stock								13,000(8)	I	By Spouse
Common Stock								50,356(9)	I	By Family Limited Partnership

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

Explanation of Responses:

1. These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2020 of 831 shares of restricted stock previously granted to Mr. Rosenblatt.

2. Includes 14 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan.

3. These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2020 of 992 shares of restricted stock previously granted to Mr. Rosenblatt.

4. These units were granted to Mr. Rosenblatt 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.

5. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 1,359 shares of restricted stock previously granted to Mr. Rosenblatt.

6. These shares were granted to Mr. Rosenblatt 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.

7. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2020 of 4,080 shares of restricted stock previously granted to Mr. Rosenblatt.

8. These shares are held by Mr. Rosenblatt's spouse and are being reported as beneficially owned by him.

9. These shares are held by the Rosenblatt Family Limited Partnership, a limited partnership of which Mr. Rosenblatt is the sole general partner and he and his children are the sole limited partners.

Remarks:

	/s/ Sidney. D. Rosenblatt (by Mauro Premutico as power of attorney)	03/09/2020
	** 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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