SEC Form 4 · accession 0001127602-16-069566
UNITED THERAPEUTICS Corp · UTHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martine A Rothblatt
Officer — Chairman & CEO · Director
Period of report
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082554
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 8, 2016 | M | 1,236 | $30.75 | A | 1,376 | D | |
| Common StockF2 | Dec 8, 2016 | M | 941 | $30.75 | A | 650,528 | I | By Trusts |
| Common StockF3 | Dec 8, 2016 | S | 136 | $130.406 | D | 1,240 | D | |
| Common StockF4 | Dec 8, 2016 | S | 1,100 | $131.945 | D | 140 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $30.75 | Dec 8, 2016 | M | 1,236 | D | Dec 26, 2009 | Dec 31, 2017 | Common Stock | 1,236 | 111,943 | D |
| Stock OptionsF2 | $30.75 | Dec 8, 2016 | M | 941 | D | Dec 26, 2009 | Dec 31, 2017 | Common Stock | 941 | 111,002 | D |
Explanation of responses
- F1This exercise of stock options and corresponding sale of shares was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person. The transaction was structured as a broker-assisted cashless exercise, such that the number of shares sold was limited to a sufficient number to cover the exercise price of the options and anticipated taxes. The remaining shares are held by a trust beneficially owned by the reporting person.
- F2Exercise price and number of shares/awards has been adjusted to reflect the issuer's two-for-one stock split on September 22, 2009.
- F3This transaction was executed in multiple trades at prices ranging from $130.17 to $130.43. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $131.56 to $132.25. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.