Carolyn Corvi - May 21, 2021 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
Director
Signature
/s/ Sarah Hagy for Carolyn Corvi
Stock symbol
UAL
Transactions as of
May 21, 2021
Transactions value $
-$182,269
Form type
4
Date filed
5/25/2021, 05:26 PM
Previous filing
May 14, 2021
Next filing
May 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise +6.59K +41.72% 22.4K May 21, 2021 Direct F1, F2
transaction UAL Common Stock Disposed to Issuer -$182K -3.3K -14.72% $55.30 19.1K May 21, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UAL Share Units Options Exercise -6.59K -100% 0 May 21, 2021 Common Stock 6.59K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Includes 1,052 shares owned jointly with the reporting person's spouse.