4//SEC Filing
United Continental Holdings, Inc. 4
Accession 0000899243-17-014772
$UALCIK 0000100517operating
Filed
May 29, 8:00 PM ET
Accepted
May 30, 7:12 PM ET
Size
7.1 KB
Accession
0000899243-17-014772
Insider Transaction Report
Form 4
Garvey Jane C
Director
Transactions
- Award
Share Units
2017-05-25+1,992.9→ 1,992.9 totalFrom: 2018-05-25→ Common Stock (1,992.9 underlying)
Footnotes (3)
- [F1]Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on the average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash. Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2017 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP").
- [F2](Continued from Footnote 1) Therefore all of the share units granted to the Reporting Person for the 2017 annual director equity award will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.
- [F3]Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.
Documents
Issuer
United Continental Holdings, Inc.
CIK 0000100517
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000100517
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 7:12 PM ET
- Size
- 7.1 KB