SEC Form 4 · accession 0001225208-17-004817
UNITED BANKSHARES INC/WV · UBSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Adams Jr.
Officer — President
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 11:40 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000729986
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 27, 2017 | A | 5,928 | $0.00 | A | 51,867 | D | |
| Common StockF2 | holding | — | — | — | 8,531 | I | By 401k | |
| Common StockF3 | holding | — | — | — | 7,540 | I | Trust for Children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $45.30 | Feb 27, 2017 | A | 16,060 | A | Feb 27, 2017 | Feb 27, 2027 | Common Stock | 16,060 | 16,060 | D |
| Phantom StockF4,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 254 | 254 | D |
| Stock Option | $22.31 | holding | — | — | — | Jan 25, 2010 | Jan 25, 2020 | Common Stock | 20,000 | 20,000 | D |
| Stock Option | $26.19 | holding | — | — | — | Feb 19, 2013 | Feb 19, 2023 | Common Stock | 11,100 | 11,100 | D |
| Stock Option | $27.77 | holding | — | — | — | Nov 1, 2007 | Nov 1, 2017 | Common Stock | 10,000 | 10,000 | D |
| Stock Option | $28.64 | holding | — | — | — | Feb 28, 2011 | Feb 28, 2021 | Common Stock | 20,000 | 20,000 | D |
| Stock Option | $28.89 | holding | — | — | — | Feb 24, 2014 | Feb 24, 2024 | Common Stock | 11,100 | 11,100 | D |
| Stock Option | $29.40 | holding | — | — | — | Feb 27, 2012 | Feb 27, 2022 | Common Stock | 11,100 | 11,100 | D |
| Stock Option | $35.04 | holding | — | — | — | Feb 29, 2016 | Feb 28, 2026 | Common Stock | 11,100 | 11,100 | D |
| Stock Option | $36.92 | holding | — | — | — | Feb 23, 2015 | Feb 23, 2025 | Common Stock | 11,100 | 11,100 | D |
Explanation of responses
- F1Shares were acquired pursuant to a grant of restricted stock units. The award vests in four equal annual installments.
- F2Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
- F3Additional stock acquired in the Dividend Reinvestment Plan.
- F41 for 1
- F5The reporting person's shares of phantom stock arose through his deferral of compensation under the United Bankshares, Inc., Non-qualified Retirement and Savings Plan (the Plan). Shares of phantom stock are exercisable immediately.
- F6Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.