SEC Form 4 · accession 0001127602-16-056121
UNITED THERAPEUTICS Corp · UTHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Louis W Sullivan
Director
Period of report
Jun 21, 2016
Accepted (ET)
Jun 23, 2016 · 9:05 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082554
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F2 | $101.80 | Jun 21, 2016 | A | 5,000 | A | Jun 21, 2017 | Jun 21, 2026 | Common Stock | 5,000 | 5,000 | D |
| Restricted Stock UnitsF1,F3,F4 | $0.00 | Jun 21, 2016 | A | 1,750 | A | — | — | Common Stock | 1,750 | 1,750 | D |
Explanation of responses
- F1Annual non-employee director grant of restricted stock units and/or stock options, which are awarded and priced each year on the date of the issuer's Annual Meeting of Shareholders.
- F2Award becomes fully vested on the one-year anniversary of the grant date only if the reporting person attends at least 75% of the regularly scheduled meetings of the issuer's Board and his or her committee meetings from the date of grant until the date of the issuer's next annual meeting of shareholders.
- F3Each restricted stock unit represents the right to receive, following vesting, one share of United Therapeutics Corporation common stock.
- F4The restricted stock units vest on the one-year anniversary of the grant date only if the reporting person attends at least 75% of the regularly scheduled meetings of the issuer's Board and his or her committee meetings from the date of grant until the date of the issuer's next annual meeting of shareholders. Shares will be issued to the reporting person upon vesting unless the reporting person has elected to defer receipt of shares.