Sec Form 4 Filing - ADAMS RICHARD M SR @ UNITED BANKSHARES INC/WV - 2021-02-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ADAMS RICHARD M SR
2. Issuer Name and Ticker or Trading Symbol
UNITED BANKSHARES INC/WV [ UBSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman of the Board & CEO
(Last) (First) (Middle)
514 MARKET ST
3. Date of Earliest Transaction (MM/DD/YY)
02/22/2021
(Street)
PARKERSBURG, WV26101
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/22/2021 02/22/2021 A 19,522 ( 1 ) A $ 0 769,559.5893 D
Common Stock 02/22/2021 02/22/2021 A 19,433 ( 2 ) A $ 0 788,992.5893 D
Common Stock - Direct IRA 7,703.927 ( 3 ) D
Common Stock 61,892.0475 ( 4 ) I By 401k
Common Stock 1,400 I By Corporation
Common Stock 12,179.4903 ( 3 ) I By Immediate Family
Common Stock 4,205.427 ( 3 ) I By Wife- IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 Option $ 32.51 02/22/2021 A 22,041 ( 5 ) 02/24/2021 02/24/2030 Common Stock 22,041 $ 0 22,041 D
Stock Option $ 26.19 02/19/2013 02/19/2023 Common Stock 33,300 33,300 D
Stock Option $ 28.89 02/24/2014 02/24/2024 Common Stock 33,300 33,300 D
Stock Option $ 29.4 02/27/2012 02/27/2022 Common Stock 33,300 33,300 D
Stock Option $ 32.51 02/24/2020 02/24/2030 Common Stock 44,083 44,083 D
Stock Option $ 35.04 02/29/2016 02/28/2026 Common Stock 33,300 33,300 D
Stock Option $ 36.92 02/23/2015 02/23/2025 Common Stock 33,300 33,300 D
Stock Option $ 37.6 02/26/2018 02/26/2028 Common Stock 49,519 49,519 D
Stock Option $ 38.49 02/25/2019 02/25/2029 Common Stock 33,910 33,910 D
Stock Option $ 45.3 02/27/2017 02/27/2027 Common Stock 49,519 49,519 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ADAMS RICHARD M SR
514 MARKET ST
PARKERSBURG, WV26101
X Chairman of the Board & CEO
Signatures
By: Jennie S Singer, Lmtd POA, Attorney-in-Fact 02/24/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On February 24,2020, the reporting person was awarded shares of restricted stock that vests in four equal installments from the date of grant upon the Company satisfying certain performance criteria for the year ended 2020. The performance criteria for 2020 was met, resulting in the vesting of one-fourth of the 58,567 restricted shares which is 14,641 shares. The company voluntarily reported 39,045 shares of the 58,567 shares of restricted stock awarded as restricted stock (units) on a Form 4 filed on February 25,2020 even though the restricted shares were subject to performance criteria.
( 2 )Shares were acquired pursuant to a grant of restricted stock units. The award vests in three equal installments beginning on February 22, 2022.
( 3 )Additional stock acquired in the Dividend Reinvestment Plan.
( 4 )Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
( 5 )On February 24,2020, the reporting person was granted options to purchase common stock that vest in four equal installments from the date of grant upon the Company's satisfaction of certain performance criteria for the year ended 2020. The performance criteria for 2020 was met resulting in the vesting of one fourth of the 66,124 options which is 16,531 stock options. The Company voluntarily reported 44,083 of stock options on a Form 4 filed on February 25, 2020 even though the stock options were subject to performance criteria.

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