SEC Form 4 · accession 0000899243-16-022646
United Airlines Holdings, Inc. · UAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A C Kennedy
Director
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 6:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000100517
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF2,F1 | — | Jun 9, 2016 | A | 2,707 | A | Jun 9, 2017 | Jun 9, 2017 | Common Stock | 2,707 | 2,707 | D |
Explanation of responses
- F1Each share unit represents the economic equivalent of one share of common stock. Upon settlement, the share units will be settled (i) 50% in cash based on 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 will be rounded toward the share units to be settled in cash.
- F2Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.