SEC Form 4 · accession 0000899243-19-005529
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, 2019
Accepted (ET)
Mar 1, 2019 · 6:37 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, 2019 | M | 8,856 | $0.00 | A | 29,142 | D | |
| Common Stock | Feb 27, 2019 | F | 3,920 | $87.60 | D | 25,222 | 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, 2019 | M | 8,856 | D | — | — | Common Stock | 8,856 | 8,856 | D |
| Restricted Stock UnitsF4,F5 | — | Feb 27, 2019 | A | 10,703 | A | — | — | Common Stock | 10,703 | 10,703 | 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 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.
- F5The RSUs vest in three installments of 3,567 RSUs on February 28, 2020, 3,568 RSUs on February 28, 2021 and 3,568 RSUs on February 28, 2022.