SEC Form 4 · accession 0001246360-16-006550
Under Armour, Inc. · UA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas E Coltharp
Director
Period of report
Aug 17, 2016
Accepted (ET)
Aug 18, 2016 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001336917
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Aug 17, 2016 | M | 900 | $5.6795 | A | 61,720 | D | |
| Class A Common Stock | Aug 17, 2016 | S | 900 | $41.75 | D | 60,820 | D | |
| Class A Common Stock | Aug 18, 2016 | M | 5,748 | $5.6795 | A | 66,568 | D | |
| Class A Common StockF2 | Aug 18, 2016 | S | 5,748 | $41.786 | D | 60,820 | D | |
| Class A Common Stock | holding | — | — | — | 500 | I | UTMA for Child | |
| Class A Common Stock | holding | — | — | — | 500 | I | UTMA for Child | |
| Class A Common Stock | holding | — | — | — | 75,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy)F1 | $5.6795 | Aug 17, 2016 | M | 900 | D | May 6, 2008 | May 8, 2017 | Class A Common Stock | 900 | 5,748 | D |
| Director Stock Option (Right to Buy)F1 | $5.6795 | Aug 18, 2016 | M | 5,748 | D | May 6, 2008 | May 8, 2017 | Class A Common Stock | 5,748 | 0 | D |
Explanation of responses
- F1Under Armour, Inc. declared a stock dividend pursuant to which all holders of Class A Common Stock on March 28, 2016, the record date for the dividend, received on April 7, 2016, one share of Class C Common Stock for each share of Class A Common Stock held by them as of the record date (the "Class C Dividend"). This stock option was previously reported as an option to purchase 1,662 shares of Under Armour, Inc.'s Class A Common Stock at an exercise price of $45.12, and was later adjusted for two separate two-for-one stock splits completed in 2012 and 2014. As a result of the Class C Dividend, this option became exercisable for shares of Class C Common Stock as well. The exercise price of this option has been adjusted so that the portion of the option covering the Class A Common Stock now has an exercise price of $5.6795 and the portion of the option covering the Class C Common Stock has an exercise price of $5.56 per share.
- F2This transaction was executed in multiple trades at prices ranging from $41.75 to $41.86. The price reported above reflects the weighted average sale 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.
Remarks
Does not include Class C Common Stock held by the Reporting Person.