Edgar Filing: PPG INDUSTRIES INC

Ownership Submission

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 OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

DIGGS JAMES C

2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [PPG]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Sr. VP , Gen. Counsel & Sec.

(Last)

(First)

(Middle)

PPG INDUSTRIES, INC.,, ONE PPG PLACE

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2006

(Street)

PITTSBURGH, PA 15272

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	05/11/2006		M		1,953	A	$ 60.938	37,831.3278 ⁽¹⁾	D
Common Stock	05/11/2006		M		2,638	A	$ 63.688	40,469.3278 ⁽¹⁾	D
Common Stock	05/11/2006		M		511	A	$ 62.93	40,980.3278 ⁽¹⁾	D
Common Stock	05/11/2006		M		2,675	A	$ 62.93	43,655.3278 ⁽¹⁾	D
Common Stock	05/11/2006		S		1,500	D	$ 68.15	42,155.3278 ⁽¹⁾	D
Common Stock	05/11/2006		S		1,700	D	$ 68.16	40,455.3278 ⁽¹⁾	D
Common Stock	05/11/2006		S		800	D	$ 68.17	39,655.3278 ⁽¹⁾	D
Common Stock	05/11/2006		S		800	D	$ 68.19	38,855.3278 ⁽¹⁾	D
Common Stock	05/11/2006		S		477	D	$ 68.2	38,378.3278 ⁽¹⁾	D
Common Stock	05/11/2006		S		2,500	D	$ 68.31	35,878.3278 ⁽¹⁾	D
Common Stock	05/11/2006		M		19,000	A	$ 61.875	54,878.3278 ⁽¹⁾	D
Common Stock	05/11/2006		F		18,003	D	$ 68.36	36,875.3278 ⁽¹⁾	D
Common Stock	05/11/2006		M		1,589	A	$ 62.93	38,464.3278 ⁽¹⁾	D
Common Stock	05/11/2006		F		1,520	D	$ 68.36	36,944.3278 ⁽¹⁾	D
Common Stock	05/11/2006		M		3,464	A	$ 62.93	40,408.3278 ⁽¹⁾	D
Common Stock	05/11/2006		F		3,312	D	$ 68.36	37,096.3278 ⁽¹⁾	D
Common Stock	05/11/2006		M		6,759	A	$ 62.93	43,855.3278 ⁽¹⁾	D
Common Stock	05/11/2006		F		6,463	D	$ 68.36	37,392.3278 ⁽¹⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option ⁽²⁾

$ 60.938

05/11/2006

1,953

05/19/1999

03/02/2007

Common Stock

1,953

$ 0

Employee Stock Option ⁽²⁾

$ 63.688

05/11/2006

2,638

11/21/1999

03/02/2007

Common Stock

2,638

$ 0

Employee Stock Option ⁽²⁾

$ 62.93

05/11/2006

511

02/28/2006

03/02/2007

Common Stock

511

$ 0

Employee Stock Option ⁽²⁾

$ 62.93

05/11/2006

2,675

02/28/2006

03/02/2007

Common Stock

2,675

$ 0

Employee Stock Option ⁽²⁾

$ 61.875

05/11/2006

19,000

02/18/1999

02/17/2008

Common Stock

19,000

$ 0

Employee Stock Option ⁽²⁾

$ 68.36

05/11/2006

18,003

11/11/2006

02/17/2008

Common Stock

18,003

$ 0

18,003

Employee Stock Option ⁽²⁾

$ 62.93

05/11/2006

1,589

02/28/2006

02/15/2010

Common Stock

1,589

$ 0

Employee Stock Option ⁽²⁾

$ 68.36

05/11/2006

1,520

11/11/2006

02/15/2010

Common Stock

1,520

$ 0

1,520

Employee Stock Option ⁽²⁾

$ 62.93

05/11/2006

3,464

02/28/2006

02/15/2010

Common Stock

3,464

$ 0

Employee Stock Option ⁽²⁾

$ 68.36

05/11/2006

3,312

11/11/2006

02/15/2010

Common Stock

3,312

$ 0

3,312

Employee Stock Option ⁽²⁾

$ 62.93

05/11/2006

6,759

02/28/2006

02/16/2009

Common Stock

6,759

$ 0

12,920

Employee Stock Option ⁽²⁾

$ 68.36

05/11/2006

6,463

11/11/2006

02/16/2009

Common Stock

6,463

$ 0

6,463

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DIGGS JAMES C PPG INDUSTRIES, INC., ONE PPG PLACE PITTSBURGH, PA 15272			Sr. VP , Gen. Counsel & Sec.

Signatures

Keith L. Belknap, Jr., Attorney-in-Fact for James C. Diggs		05/15/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Includes 339.327771 shares of PPG common stock held in the reporting person's account in the PPG Industries Employee Savings Plan as of April 30, 2006.
(2)	Right to buy granted under the PPG Industries, Inc. Stock Plan.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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