SEC Form 4 · accession 0000899243-18-014324
United Airlines Holdings, Inc. · UAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carolyn Corvi
Director
Period of report
May 24, 2018
Accepted (ET)
May 29, 2018 · 6:44 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,F4 | May 25, 2018 | M | 1,993 | — | A | 10,816 | D | |
| Common StockF4 | May 25, 2018 | D | 997 | $71.70 | D | 9,819 | 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 | — | May 25, 2018 | M | 1,993 | D | May 25, 2018 | May 25, 2018 | Common Stock | 1,993 | 0 | D |
| Share UnitsF3,F2 | — | May 24, 2018 | A | 2,284 | A | May 24, 2019 | May 24, 2019 | Common Stock | 2,284 | 2,284 | D |
Explanation of responses
- F1Each share unit was the economic equivalent of one share of common stock. Upon vesting, the share units were 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) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.
- F2Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are 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) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.
- F3Additional 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.
- F4Includes 1,052 shares owned jointly with the reporting person's spouse. The number of shares included in Table I, Column 5 as beneficially owned by the reporting person has also been adjusted to remove the duplicative reporting in previous filings of 1,050 shares of common stock jointly owned by the reporting person with her spouse. Those duplicative shares were included in the reporting person's beneficial ownership filings beginning in June 2014.