SEC Form 4 · accession 0001246360-17-001769
Under Armour, Inc. · UA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R McDermott
Director
Period of report
May 4, 2017
Accepted (ET)
May 8, 2017 · 5:28 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 C Common Stock | May 4, 2017 | M | 6,695 | $5.56 | A | 72,965 | D | |
| Class C Common Stock | May 4, 2017 | F | 1,978 | $18.81 | D | 70,987 | D |
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 | $5.56 | May 4, 2017 | M | 6,695 | D | May 6, 2008 | May 7, 2017 | Class C Common Stock | 6,695 | 0 | D |
Explanation of responses
- F1This stock option was originally 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, the option was further adjusted such that it now entitles the Reporting Person to exercise a portion of the option for 6,695 shares of Class C Common Stock, and the exercise price 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.
- F2Represents shares withheld to cover the exercise price of the options exercised.
Remarks
Does not include Class A Common Stock held by the Reporting Person.