SEC Form 4 · accession 0000899243-16-022466
United Airlines Holdings, Inc. · UAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry L Meyer III
Director
Period of report
Jun 8, 2016
Accepted (ET)
Jun 10, 2016 · 6:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000100517
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 8, 2016 | M | 579 | — | A | 14,963 | D | |
| Common Stock | Jun 8, 2016 | D | 290 | $45.69 | D | 14,673 | D | |
| Common StockF1 | Jun 8, 2016 | M | 2,362 | — | A | 17,035 | D | |
| Common Stock | Jun 8, 2016 | D | 1,182 | $45.69 | D | 15,853 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF1,F2 | — | Jun 8, 2016 | M | 579 | D | Jun 8, 2016 | Jun 8, 2016 | Common Stock | 579 | 0 | D |
| Share UnitsF1,F2 | — | Jun 8, 2016 | M | 2,362 | D | Jun 8, 2016 | Jun 8, 2016 | Common Stock | 2,362 | 0 | D |
Explanation of responses
- F1Each share unit was the economic equivalent of one share of common stock. In accordance with the terms of the share units, the share units are settled (i) 50% in cash based on the average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) (the "Settlement Price") and (ii) 50% in shares of the Company's common stock. Any odd or fractional units were rounded toward the share units settled in cash.
- F2The share unit awards were settled on June 8, 2016 as the Reporting Person did not stand for re-election at the Company's 2016 annual stockholders meeting and, as a result, retired at the end of his term from the Company's Board of Directors, as disclosed in the proxy statement filed on April 29, 2016.