FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
UNITED THERAPEUTICS Corp [ UTHR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/02/2024 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 07/02/2024 | M(1) | 3,600 | A | $129.49 | 3,730 | D | |||
Common Stock | 07/02/2024 | S(1) | 457 | D | $315.5793(2) | 3,273 | D | |||
Common Stock | 07/02/2024 | S(1) | 551 | D | $317.2986(3) | 2,722 | D | |||
Common Stock | 07/02/2024 | S(1) | 1,088 | D | $318.2654(4) | 1,634 | D | |||
Common Stock | 07/02/2024 | S(1) | 1,310 | D | $319.2581(5) | 324 | D | |||
Common Stock | 07/02/2024 | S(1) | 194 | D | $319.8781(6) | 130 | D | |||
Common Stock | 07/03/2024 | M(1) | 3,600 | A | $129.49 | 3,730 | D | |||
Common Stock | 07/03/2024 | S(1) | 287 | D | $310.1292(7) | 3,443 | D | |||
Common Stock | 07/03/2024 | S(1) | 1,703 | D | $310.7525(8) | 1,740 | D | |||
Common Stock | 07/03/2024 | S(1) | 270 | D | $312.2235(9) | 1,470 | D | |||
Common Stock | 07/03/2024 | S(1) | 153 | D | $313.5234(10) | 1,317 | D | |||
Common Stock | 07/03/2024 | S(1) | 851 | D | $314.8496(11) | 466 | D | |||
Common Stock | 07/03/2024 | S(1) | 231 | D | $316.4193(12) | 235 | D | |||
Common Stock | 07/03/2024 | S(1) | 4 | D | $316.9225(13) | 231 | D | |||
Common Stock | 07/03/2024 | S(1) | 101 | D | $318.2986(14) | 130 | D | |||
Common Stock | 166 | I | By Spouse | |||||||
Common Stock | 245,909 | I | By Trust(15) | |||||||
Common Stock | 2,706 | I | By Trust(16) | |||||||
Common Stock | 28,170 | I | By Trust(17) | |||||||
Common Stock | 324,518 | I | By Trust(18) | |||||||
Common Stock | 45,596 | I | By Trust(19) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options | $129.49 | 07/02/2024 | M(1) | 3,600 | 12/31/2014 | 12/31/2024 | Common Stock | 3,600 | $0 | 133,469 | D | ||||
Stock Options | $129.49 | 07/03/2024 | M(1) | 3,600 | 12/31/2014 | 12/31/2024 | Common Stock | 3,600 | $0 | 129,869 | D |
Explanation of Responses: |
1. This exercise and sale of stock options was pursuant to a pre-arranged 10b5-1 trading plan entered into by the reporting person on August 4, 2023. This plan will continue until the earlier of: (a) exhaustion of a tranche of 723,869 stock options that expire December 31, 2024; or (b) August 31, 2024. |
2. This transaction was executed in multiple trades at prices ranging from $315.26 to $316.16. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
3. This transaction was executed in multiple trades at prices ranging from $316.60 to $317.655. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
4. This transaction was executed in multiple trades at prices ranging from $317.735 to $318.635. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
5. This transaction was executed in multiple trades at prices ranging from $318.80 to $319.735. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
6. This transaction was executed in multiple trades at prices ranging from $319.815 to $319.965. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
7. This transaction was executed in multiple trades at prices ranging from $309.305 to $310.29. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
8. This transaction was executed in multiple trades at prices ranging from $310.34 to $311.23. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
9. This transaction was executed in multiple trades at prices ranging from $311.45 to $312.44. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
10. This transaction was executed in multiple trades at prices ranging from $313.185 to $313.815. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
11. This transaction was executed in multiple trades at prices ranging from $314.38 to $315.12. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
12. This transaction was executed in multiple trades at prices ranging from $315.81 to $316.635. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
13. This transaction was executed in multiple trades at prices ranging from $316.855 to $317.12. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
14. This transaction was executed in multiple trades at prices ranging from $318.00 to $318.89. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
15. Shares held in family trusts as to which the Reporting Person is sole trustee and sole beneficiary or co-trustee and settlor with power to revoke. |
16. Shares held in family trusts as to which the Reporting Person is sole trustee and members of the Reporting Person's immediate family are beneficiaries. |
17. Shares held in family trusts as to which the Reporting Person's spouse is sole trustee and sole beneficiary or co-trustee and settlor with power to revoke. |
18. Shares held in family trusts as to which the Reporting Person shares investment power and the Reporting Person and/or immediate family members are beneficiaries. |
19. Shares held in family trusts as to which the Reporting Person's spouse shares investment power and the Reporting Person and/or immediate family members are beneficiaries. |
/s/ John S. Hess, Jr. under Power of Attorney | 07/05/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |