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PPG » Topics » EQUITY COMPENSATION PLAN INFORMATION

This excerpt taken from the PPG 10-K filed Feb 19, 2009.

Equity Compensation Plan Information

The equity compensation plan documents described in the footnotes below are included as Exhibits to this Form 10-K, and are incorporated herein by reference in their entirety. The following table provides information as of December 31, 2008 regarding the number of shares of PPG common stock that may be issued under PPG’s equity compensation plans. For additional information on the Company’s equity compensation program, see Note 20, “Stock-Based Compensation,” under Item 8 of this Form 10-K.

 

Plan category   

Number of
securities
to be issued
upon
exercise of
outstanding
options,
warrants
and rights

(a)

   

Weighted-
average
exercise
price of
outstanding
options,
warrants
and rights

(b)

   

Number of
securities
remaining
available for
future
issuance
under equity
compensation
plans
(excluding
securities
reflected in
column (a))

(c)

Equity compensation plans
approved by security
holders(1)		   

8,289,946

   

$60.28

   

7,772,483

Equity compensation plans
not approved by security
holders(2)		   

—

   

—

   

—

     Total   

8,289,946

   

$60.28

   

7,772,483

(1)   Equity compensation plans approved by security holders include the PPG Industries, Inc., Stock Plan, the PPG Industries, Inc., Omnibus Incentive Plan, the PPG Industries, Inc., Executive Officers’ Long Term Incentive Plan and the PPG Industries Inc., Long Term Incentive Plan.
(2)   Excluded from the information presented here are common stock equivalents held under the PPG Industries, Inc., Deferred Compensation Plan and the PPG Industries, Inc., Deferred Compensation Plan for Directors, neither of which are equity compensation plans. As supplemental information, there were 526,569 common stock equivalents held under such plans as of December 31, 2008.

 

This excerpt taken from the PPG 10-K filed Feb 21, 2008.

Equity Compensation Plan Information

The equity compensation plan documents described in the footnotes below are included as Exhibits to this Form 10-K, and are incorporated herein by reference in their entirety. The following table provides information as of December 31, 2007 regarding the number of shares of PPG common stock that may be issued under PPG’s equity compensation plans. For additional information on the Company’s equity compensation program, see Note 20, “Stock-Based Compensation,” under Item 8 of this Form 10-K.

 

Plan category   

Number of
securities
to be issued
upon
exercise of
outstanding
options,
warrants
and rights

(a)

   

Weighted-
average
exercise
price of
outstanding
options,
warrants
and rights

(b)

   

Number of
securities
remaining
available for
future
issuance
under equity
compensation
plans
(excluding
securities
reflected in
column (a))

(c)

Equity compensation plans
approved by security
holders(1)		   

8,014,257

   

$59.96

   

8,996,813

Equity compensation plans
not approved by security
holders(2), (3)		   

1,185,700

   

$70.00

   

—   

     Total   

9,199,957

   

$61.40

   

8,996,813

(1)   Equity compensation plans approved by security holders include the PPG Industries, Inc. Stock Plan, the PPG Omnibus Plan, the PPG Industries, Inc. Executive Officers’ Long Term Incentive Plan and the PPG Industries Inc. Long Term Incentive Plan.
(2)   Equity compensation plans not approved by security holders include the PPG Industries, Inc. Challenge 2000 Stock Plan. This plan is a broad-based stock option plan under which the Company granted to substantially all active employees of the Company and its majority owned subsidiaries on July 1, 1998, the option to purchase 100 shares of the Company’s common stock at its then fair market value of $70.00 per share. Options became exercisable on July 1, 2003, and expire on June 30, 2008. There were 1,185,700 shares issuable upon exercise of options outstanding under this plan as of December 31, 2007.
(3)   Excluded from the information presented here are common stock equivalents held under the PPG Industries, Inc. Deferred Compensation Plan, the PPG Industries, Inc. Deferred Compensation Plan for Directors and the PPG Industries, Inc. Directors’ Common Stock Plan, none of which are equity compensation plans. As supplemental information, there were 499,917 common stock equivalents held under such plans as of December 31, 2007.

 

This excerpt taken from the PPG 10-K filed Feb 21, 2007.

Equity Compensation Plan Information

The plan documents for the plans described in the footnotes below are included as Exhibits to this Form 10-K, and are incorporated herein by reference in their entirety. The following table provides information as of Dec. 31, 2006 regarding the number of shares of PPG Common Stock that may be issued under PPG’s equity compensation plans.

 

Plan category   

Number of
securities
to be issued
upon
exercise of
outstanding
options,
warrants
and rights

(a)

   

Weighted-
average
exercise
price of
outstanding
options,
warrants
and rights

(b)

   

Number of
securities
remaining
available for
future
issuance
under equity
compensation
plans
(excluding
securities
reflected in
column (a))

(c)

Equity compensation
plans approved by security
holders(1)		    9,413,216    $58.35    10,265,556
Equity compensation
plans not approved by
security holders(2), (3)		    2,089,300    $70.00    —  
     Total    11,502,516    $60.57    10,265,556
(1)   Equity compensation plans approved by security holders include the PPG Industries, Inc. Stock Plan, the PPG Omnibus Plan, the PPG Industries, Inc. Executive Officers’ Long Term Incentive Plan, and the PPG Industries Inc. Long Term Incentive Plan.
(2)   Equity compensation plans not approved by security holders include the PPG Industries, Inc. Challenge 2000 Stock Plan. This plan is a broad-based stock option plan under which the Company granted to substantially all active employees of the Company and its majority owned subsidiaries on July 1, 1998, the option to purchase 100 shares of the Company’s common stock at its then fair market value of $70.00 per share. Options became exercisable on July 1, 2003, and expire on June 30, 2008. There were 2,089,300 shares issuable upon exercise of options outstanding under this plan as of Dec. 31, 2006.
(3)   Excluded from the information presented here are common stock equivalents held under the PPG Industries, Inc. Deferred Compensation Plan, the PPG Industries, Inc. Deferred Compensation Plan for Directors and the PPG Industries, Inc. Directors’ Common Stock Plan, none of which are equity compensation plans. As supplemental information, there were 491,168 common stock equivalents held under such plans as of Dec. 31, 2006.

 

This excerpt taken from the PPG DEF 14A filed Mar 2, 2006.

EQUITY COMPENSATION PLAN INFORMATION

 

The plans described in the footnotes below are included as Exhibits to the Company’s Annual Report on Form 10-K for the period ended December 31, 2005, as filed with the Securities and Exchange Commission, and are incorporated herein by reference in their entirety. The following table provides information as of December 31, 2005, regarding the number of shares of PPG Common Stock that may be issued under PPG’s equity compensation plans.

 

Plan category

   

Number of securities

to be issued upon exercise
of outstanding options,
warrants and rights

(a)

    Weighted-average
exercise price of
outstanding options,
warrants and rights
(b)
   

Number of securities
remaining available

for future issuance
under equity
compensation plans
(excluding securities
reflected in column (a))
(c)

Equity compensation plans approved by security holders (1)

    9,855,762    $ 57.65    11,606,692

Equity compensation plans not approved by security holders (2), (3)

    2,151,600    $ 70.00    97,751

Total

    12,007,362    $ 59.91    11,704,443
(1) Equity compensation plans approved by security holders include the PPG Industries, Inc. Stock Plan, the PPG Industries, Inc. Executive Officers’ Long Term Incentive Plan, the PPG Industries, Inc. Long Term Incentive Plan and the PPG Industries, Inc. Executive Officers’ Annual Incentive Compensation Plan.

 

24

Table of Contents
(2) Equity compensation plans not approved by security holders include the following:

 

PPG Industries, Inc. Challenge 2000 Stock Plan. This plan is a broad-based stock option plan under which the Company granted to substantially all active employees of the Company and its majority owned subsidiaries on July 1, 1998, the option to purchase 100 shares of the Company’s common stock at its then fair market value of $70.00 per share. Options became exercisable on July 1, 2003, and expire on June 30, 2008. There were 2,151,600 shares issuable upon exercise of options outstanding under this plan as of December 31, 2005.

 

Incentive Compensation and Management Award Plans. The PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees (the “Incentive Compensation Plan”) is an annual bonus plan under which certain key employees of the Company are eligible to participate. The PPG Industries, Inc. Management Award and Deferred Income Plan (the “Management Award Plan”) is an annual bonus plan under which certain Company employees that do not participate in the Incentive Compensation Plan are eligible to participate. A participant may receive a bonus under the applicable plan based on individual performance and business unit and corporate financial performance. Bonuses can currently be paid in cash or shares of PPG stock or a combination of both. The Incentive Compensation Plan was approved by shareholders in 1980. The Management Award Plan has not been approved by shareholders. One pool of shares is available for issuance to pay awards under both plans. As of December 31, 2005, there were 34,036 shares available in the aggregate for future issuance under the Incentive Compensation Plan and Management Award Plan.

 

Employee Recognition Program. This program provides a method to recognize and reward employees for special efforts or innovative actions. Officers and directors of the Company may not receive awards under this program. Awards may be made in the form of cash or shares of the Company’s common stock. The Board of Directors has authorized a pool of shares of the Company’s common stock that can be used for awards under this program. As of December 31, 2005, there were 13,715 shares remaining available for future issuance under this program.

 

Employee Recruiting Program. This program allows the Officers-Directors Compensation Committee of the Board of Directors or the Company’s Compensation and Employee Benefits Committee to grant awards of shares of the Company’s common stock or cash, or a combination of both, to persons in order to attract them to work for the Company. The Board of Directors has authorized a pool of shares of the Company’s common stock that can be used for awards under this program. As of December 31, 2005, there were 50,000 shares remaining available for future issuance under this program.

 

(3) Excluded from the information presented here are common stock equivalents held under the PPG Industries, Inc. Deferred Compensation Plan, the PPG Industries, Inc. Deferred Compensation Plan for Directors and the PPG Industries, Inc. Directors’ Common Stock Plan, none of which are equity compensation plans. As supplemental information, there were 530,514 common stock equivalents held under such plans as of December 31, 2005.

 

25

Table of Contents

EXCERPTS ON THIS PAGE:

10-K
Feb 19, 2009
10-K
Feb 21, 2008
10-K
Feb 21, 2007
DEF 14A
Mar 2, 2006

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