SEC Form 4 · accession 0001209191-18-036378
UNITEDHEALTH GROUP INC · UNH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Witty
Officer — Executive Vice President
Period of report
Jun 5, 2018
Accepted (ET)
Jun 7, 2018 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000731766
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 5, 2018 | A | 8,592 | $0.00 | A | 8,942 | D | |
| Common StockF2,F3 | Jun 5, 2018 | A | 40,912 | $0.00 | A | 49,854 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Options (right to buy)F4 | $244.43 | Jun 5, 2018 | A | 47,096 | A | — | Jun 5, 2028 | Common Stock | 47,096 | 47,096 | D |
Explanation of responses
- F1The restricted stock units will vest at a rate of 25% annually on June 5 from the years 2019 through 2022.
- F2The restricted stock units will vest at a rate of 20% annually on June 5 from the years 2019 through 2023.
- F3Amount does not include Performance Share Awards granted to the executive officer on June 5, 2018, as performance awards not tied to stock price are not derivative securities for purposes of Section 16 under guidance from the staff of the SEC. The number of Performance Shares that the executive officer will receive will be determined at the end of the 3-year performance period and will be dependent upon the achievement of cumulative 3-year EPS and average return-on-equity performance metrics approved by the Compensation and Human Resources Committee. The target number of Performance Awards is 17,183.
- F4The stock options vest at a rate of 25% annually on June 5 from the years 2019 through 2022.