4//SEC Filing
Garvey Jane C 4
Accession 0000899243-19-014959
CIK 0000100517other
Filed
May 27, 8:00 PM ET
Accepted
May 28, 7:24 PM ET
Size
15.6 KB
Accession
0000899243-19-014959
Insider Transaction Report
Form 4
Garvey Jane C
Director
Transactions
- Award
Share Units
2019-05-23+2,103→ 2,103 totalFrom: 2020-05-23→ Common Stock (2,103 underlying) - Exercise/Conversion
Share Units
2019-05-24−1,713→ 0 totalFrom: 2019-05-24Exp: 2019-05-24→ Common Stock (1,713 underlying) - Award
Share Units
2019-05-23+1,484→ 1,484 totalFrom: 2020-05-23→ Common Stock (1,484 underlying) - Exercise/Conversion
Common Stock
2019-05-24+1,713→ 6,854 total - Disposition to Issuer
Common Stock
2019-05-24$81.11/sh−857$69,511→ 5,997 total
Footnotes (5)
- [F1]Represents share units granted to the reporting person in 2018 as Non-Executive Chairman ("NEC") compensation, which was not eligible for deferral in 2018. Each share unit was the economic equivalent of one share of common stock. Upon vesting, the share units were settled (i) 50% in cash based on 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.
- [F2]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 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.
- [F3](Continued from Footnote 2) Notwithstanding the foregoing, the Reporting Person elected to defer the Reporting Person's 2019 annual director equity award and 2019 NEC equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, all the share units granted to the Reporting Person for the 2019 annual director equity award and 2019 NEC equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.
- [F4]Represents share units granted to the reporting person in 2019 as NEC compensation.
- [F5]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 typeother
Related Parties
1- filerCIK 0001472638
Filing Metadata
- Form type
- 4
- Filed
- May 27, 8:00 PM ET
- Accepted
- May 28, 7:24 PM ET
- Size
- 15.6 KB