SEC Form 4 · accession 0000899243-16-028290
United Airlines Holdings, Inc. · UAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Scott Kirby
Officer — President
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 5:49 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 | Aug 29, 2016 | A | 13,297 | $0.00 | A | 103,664 | D | |
| Common StockF2 | holding | — | — | — | 5,000 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 8,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4,F5 | $58.69 | Aug 29, 2016 | A | 158,479 | A | — | Aug 29, 2023 | Common Stock | 158,479 | 158,479 | D |
| Stock Option (Right to Buy)F4,F6 | $58.69 | Aug 29, 2016 | A | 159,321 | A | — | Aug 29, 2026 | Common Stock | 159,321 | 159,321 | D |
Explanation of responses
- F1Restricted stock vests in three installments of 4,432 shares on February 28, 2017, 4,432 shares on February 28, 2018 and 4,433 shares on February 28, 2019.
- F2Represents shares held in a trust for the benefit of Mr. Kirby's children and other relatives in which Mr. Kirby serves as the trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report is not an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3Represents shares held in a trust for the benefit of Mr. Kirby's children in which Mr. Kirby's brother serves as the trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F4Exercise price represents a 25% premium over the Company's common stock closing price on the date of grant ($46.95 per share).
- F5Stock options vest in three installments of 52,826 options on August 29, 2017, 52,826 options on August 29, 2018 and 52,827 options on August 29, 2019.
- F6Stock options vest in three installments of 53,107 options on each of August 29, 2020, August 29, 2021 and August 29, 2022.