Michael Benkowitz - Nov 2, 2021 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Role
President and COO
Signature
/s/ John S. Hess, Jr. under Power of Attorney
Stock symbol
UTHR
Transactions as of
Nov 2, 2021
Transactions value $
-$553,480
Form type
4
Date filed
11/3/2021, 04:37 PM
Previous filing
Oct 29, 2021
Next filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTHR Common Stock Options Exercise $215K +4K +178.97% $53.83 6.24K Nov 2, 2021 Direct F1
transaction UTHR Common Stock Disposed to Issuer -$769K -4K -64.15% $192.20 2.24K Nov 2, 2021 Direct F1

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 UTHR Share Tracking Award Options Exercise $0 -4K -16.67% $0.00 20K Nov 2, 2021 Common Stock 4K $53.83 Direct F1
holding UTHR Stock Options 63K Nov 2, 2021 Common Stock 63K $146.03 Trust F2
holding UTHR Stock Options 26.3K Nov 2, 2021 Common Stock 26.3K $146.03 Trust F2
holding UTHR Stock Options 42.9K Nov 2, 2021 Common Stock 42.9K $146.03 Trust F2
holding UTHR Stock Options 69.8K Nov 2, 2021 Common Stock 69.8K $146.03 Trust F2
holding UTHR Stock Options 64.1K Nov 2, 2021 Common Stock 64.1K $111.00 Trust F3
holding UTHR Stock Options 85.5K Nov 2, 2021 Common Stock 85.5K $111.00 Trust F4
holding UTHR Stock Options 188K Nov 2, 2021 Common Stock 188K $135.42 Trust F4
holding UTHR Stock Options 188K Nov 2, 2021 Common Stock 188K $117.76 Trust F4
holding UTHR Stock Options 39.2K Nov 2, 2021 Common Stock 39.2K $120.26 Trust F4
holding UTHR Stock Options 52.5K Nov 2, 2021 Common Stock 52.5K $102.11 Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This exercise of share tracking awards was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person. Share tracking awards are non-dilutive cash-settled stock appreciation rights, which may only be settled in cash and may not be converted into shares of common stock.
F2 This stock option was transferred to a trust beneficially owned by the reporting person on October 23, 2021.
F3 On October 23, 2021 and November 2, 2021, 57,000 and 7,148 shares of this stock option grant, respectively, were transferred to trusts beneficially owned by the reporting person.
F4 This stock option was transferred to a trust beneficially owned by the reporting person on November 2, 2021.