SEC Form 4 · accession 0001225208-17-008321
UNITED BANKSHARES INC/WV · UBSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Bernard H Clineburg
Director
Period of report
Apr 21, 2017
Accepted (ET)
Apr 25, 2017 · 3:54 pm EDT
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 | Apr 21, 2017 | A | 233,890 | $0.00 | A | 234,625 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $27.02 | Apr 21, 2017 | A | 1,183 | A | Feb 16, 2016 | Feb 16, 2026 | Common Stock | 1,183 | 1,183 | D |
Explanation of responses
- F1Received in exchange for 329,423 shares of Cardinal Financial Corporation (CFNL) common stock in connection with merger of CFNL into United Bankshares, Inc. (the "Merger"). Holders of CFNL common stock received 0.71 shares of United Bankshares, Inc. Common stock in exchange for each share of CFNL common stock held immediately prior to the merger.
- F2Received in the Merger in exchange for a stock option to acquire 1,667 shares of CFNL common stock for $19.18 per share.