SEC Form 4
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*
Williams Darren K

(Last) (First) (Middle)
514 MARKET ST

(Street)
PARKERSBURG WV 26101

(City) (State) (Zip)
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)
Executive Vice-President
3. Date of Earliest Transaction (Month/Day/Year)
02/22/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 02/22/2021 A 4,130(1) A $0.0000 23,679 D
Common Stock 02/22/2021 A 3,209(2) A $0.0000 26,888 D
Common Stock - Direct IRA 2,208 D
Common Stock 2,137.1254(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 (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 Option $32.51 02/22/2021 A 3,623(4) 02/24/2021 02/24/2030 Common Stock 3,623 $0.0000 3,623 D
Stock Option $26.19 02/19/2013 02/19/2023 Common Stock 2,250 2,250 D
Stock Option $28.89 02/24/2014 02/24/2024 Common Stock 2,500 2,500 D
Stock Option $29.4 02/28/2012 02/28/2022 Common Stock 2,250 2,250 D
Stock Option $32.51 02/24/2020 02/24/2030 Common Stock 7,246 7,246 D
Stock Option $35.04 02/29/2016 02/28/2026 Common Stock 5,000 5,000 D
Stock Option $36.92 02/23/2015 02/23/2025 Common Stock 5,000 5,000 D
Stock Option $37.6 02/26/2018 02/26/2028 Common Stock 7,603 7,603 D
Stock Option $38.49 02/25/2019 02/25/2029 Common Stock 5,419 5,419 D
Stock Option $45.3 02/27/2017 02/27/2027 Common Stock 7,603 7,603 D
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 9,627 restricted shares which is 2,406 shares. The company voluntarily reported 6,418 shares of the 9,627 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 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 10,869 options which is 2,717 stock options. The Company voluntarily reported 7,246 of stock options on a Form 4 filed on February 25, 2020 even though the stock options were subject to performance criteria.
By: Jennie S Singer, Lmtd POA, Attorney-in-Fact 02/24/2021
** 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.
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