SEC Form 4 · accession 0001225208-19-004771
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
Mar 6, 2019
Accepted (ET)
Mar 6, 2019 · 3:20 pm 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 Stock | Mar 6, 2019 | S | 14,790 | $37.9666 | D | 59,866 | D | |
| Common StockF1 | holding | — | — | — | 9,714 | I | By 401k | |
| Common Stock | holding | — | — | — | 10,597 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2,F3,F4 | — | 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 | $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 |
| Stock Option | $37.60 | holding | — | — | — | Feb 26, 2018 | Feb 26, 2028 | Common Stock | 16,060 | 16,060 | D |
| Stock Option | $38.49 | holding | — | — | — | Feb 25, 2019 | Feb 25, 2029 | Common Stock | 11,613 | 11,613 | D |
| Stock Option | $45.30 | holding | — | — | — | Feb 27, 2017 | Feb 27, 2027 | Common Stock | 16,060 | 16,060 | D |
Explanation of responses
- F1Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
- F21 for 1
- F3The 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.
- F4Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.