SEC Form 4 · accession 0000899243-18-006247
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
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 7:01 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 28, 2018 | M | 12,224 | $0.00 | A | 114,518 | D | |
| Common Stock | Feb 28, 2018 | F | 5,416 | $67.79 | D | 109,102 | D | |
| Common Stock | Feb 28, 2018 | F | 1,795 | $67.79 | D | 107,307 | D | |
| Common StockF5 | holding | — | — | — | 5,000 | I | See Footnote | |
| Common StockF6 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF7,F2 | — | Feb 28, 2018 | M | 12,224 | D | — | — | Common Stock | 12,224 | 24,450 | D |
Explanation of responses
- F1Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.
- F2The RSUs were granted on February 23, 2017 and vest in 1/3 annual installments on February 28, 2018, 2019 and 2020.
- F3This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU award granted on February 23, 2017.
- F4This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the restricted stock award granted on August 29, 2016. This award vests in 1/3 annual installments on February 28, 2017, 2018 and 2019.
- F5Represents 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.
- F6Represents 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.
- F7Each RSU represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.