SEC Form 4 · accession 0001246360-18-001460
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, 2018
Accepted (ET)
May 7, 2018 · 4:42 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 | May 4, 2018 | M | 8,564 | $4.4094 | A | 68,221 | D | |
| Class A Common Stock | May 4, 2018 | F | 2,056 | $18.36 | D | 66,165 | D | |
| Class A Common StockF3 | May 7, 2018 | S | 6,508 | $17.7035 | D | 59,657 | 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 | $4.4094 | May 4, 2018 | M | 8,564 | D | May 6, 2008 | May 5, 2018 | Class A Common Stock | 8,564 | 0 | D |
Explanation of responses
- F1This stock option was previously reported as an option to purchase 2,141 shares of Under Armour, Inc.'s Class A Common Stock at an exercise price of $35.03, 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 $4.4094 and the portion of the option covering the Class C Common Stock has an exercise price of $4.32 per share.
- F2Represents shares withheld to cover the exercise price of the options exercised.
- F3This transaction was executed in multiple trades at prices ranging from $17.70 to $17.72. 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.