Sec Form 4 Filing - CONSAGRA JAMES J JR @ 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
CONSAGRA JAMES J JR
2. Issuer Name and Ticker or Trading Symbol
UNITED BANKSHARES INC/WV [ UBSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(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 A 7,719 ( 1 ) A $ 0 74,340 D
Common Stock 02/22/2021 A 6,537 ( 2 ) A $ 0 80,877 D
Common Stock 7,414.6657 ( 3 ) I By 401k
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 7,381 ( 4 ) 02/24/2021 02/24/2030 Common Stock 7,381 $ 0 7,381 D
Stock Option $ 26.19 02/19/2013 02/19/2023 Common Stock 11,100 11,100 D
Stock Option $ 28.89 02/24/2014 02/24/2024 Common Stock 11,100 11,100 D
Stock Option $ 29.4 02/27/2012 02/27/2022 Common Stock 11,100 11,100 D
Stock Option $ 32.51 02/24/2020 02/24/2030 Common Stock 14,761 14,761 D
Stock Option $ 35.04 02/29/2016 02/28/2026 Common Stock 11,100 11,100 D
Stock Option $ 36.92 02/23/2015 02/23/2025 Common Stock 11,100 11,100 D
Stock Option $ 37.6 02/26/2018 02/26/2028 Common Stock 16,060 16,060 D
Stock Option $ 38.49 02/25/2019 02/25/2029 Common Stock 11,613 11,613 D
Stock Option $ 45.3 02/27/2017 02/27/2027 Common Stock 16,060 16,060 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CONSAGRA JAMES J JR
514 MARKET ST
PARKERSBURG, WV26101
Chief Operating Officer
Signatures
By: Jennie S Singer, Lmtd POA, Attorney-in-Fact 02/24/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares were acquired pursuant to a grant of restricted stock units. The award vests in three equal installments beginning on February 22, 2022.
( 2 )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 19,611 restricted shares which is 4,902 shares. The company voluntarily reported 13,074 shares of the 19,611 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.
( 3 )Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
( 4 )On February 24,2020, the reporting person was granted options to purchase common stock that vest in four equal ins tallments 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 22,142 options which is 5,535 stock options. The Company voluntarily reported 14,761 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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