SEC Form 4 · accession 0000899243-18-005860
United Airlines Holdings, Inc. · UAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew P Nocella
Officer — EVP & Chief Commercial Officer
Period of report
Feb 27, 2018
Accepted (ET)
Feb 28, 2018 · 6:07 pm EST
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 Stock | Feb 27, 2018 | M | 8,856 | $0.00 | A | 21,938 | D | |
| Common Stock | Feb 27, 2018 | F | 3,277 | $67.86 | D | 18,661 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F2 | — | Feb 27, 2018 | M | 8,856 | D | — | — | Common Stock | 8,856 | 17,712 | D |
Explanation of responses
- F1Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.
- F2The RSUs were granted on February 27, 2017 and vest in three installments of 8,856 RSUs on February 27, 2018, 8,856 RSUs on February 27, 2019 and 8,856 RSUs on February 27, 2020.
- F3This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting an award of 26,568 RSUs granted on February 27, 2017.
- F4Each RSU represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.