01—Abstract
Summary
Summary of the 10-K/A filed July 15, 2003. Cited figures are marked; the original filing is the authoritative source.
This amended annual report (Form 10-K/A, Amendment No. 1) from UAL Corporation for the fiscal year ended December 31, 2002 was filed on July 15, 2003 to add additional executive officer information to Items 10 and 12.
It does not contain financial statements, operating results, or a business discussion. The filing is limited to Part III governance and ownership disclosures. The amendment lists the directors, including Glenn F.
Tilton, Chairman, President and Chief Executive Officer since September 2002, and the executive officers, including Frederic F. Brace, Executive Vice President and Chief Financial Officer. It also reports equity compensation plan data as of December 31, 2002: 14,463,918 securities to be issued upon exercise of outstanding options, warrants and rights, with a weighted-average exercise price of $33.69a, and 14,092,616 securities remaining available for future issuance.
Ownership disclosures show State Street Bank and Trust Company, as ESOP trustee, holding 17,583,559 shares of common stock, or 14.45% of the class, as of March 17, 2003. Directors and executive officers as a group beneficially owned 1,411,809 common shares, or 1.2%, as of the same date. The filing also reports the aggregate market value of non-affiliate voting stock as $78,613,064b as of June 30, 2003, with 99,870,590 common shares outstanding.
02—Key points
Key Highlights
- Amendment adds executive officer information to Part III, Items 10 and 12 of the 2002 Form 10-K
- Glenn F. Tilton has been Chairman, President and Chief Executive Officer of the Company and United since September 2002
- Equity compensation plans approved by stockholders cover 12,877,750 outstanding options at a weighted-average exercise price of $35.58
- Total equity compensation plan securities outstanding are 14,463,918, with 14,092,616 remaining available for future issuance
- State Street Bank and Trust Company, as ESOP trustee, holds 17,583,559 common shares, or 14.45% of the class
- Directors and executive officers as a group beneficially own 1,411,809 common shares, or 1.2% of the class
- Aggregate market value of voting stock held by non-affiliates was $78,613,064 as of June 30, 2003
03—Questions
Frequently Asked Questions
Does this amendment include UAL's financial results for 2002?
No. The filing amends only Items 10 and 12 of Part III to add executive officer information and provide ownership and equity compensation disclosures. It does not present financial statements or operating results.
Who are the company's top executives according to this filing?
Glenn F. Tilton serves as Chairman, President and Chief Executive Officer, and Frederic F. Brace serves as Executive Vice President and Chief Financial Officer. Other listed executive officers include Douglas A. Hacker, Francesca M. Maher, Peter D. McDonald, Sara A. Fields and Rosemary Moore.
How much equity compensation is available under the company's plans?
As of December 31, 2002, 14,092,616 securities remained available for future issuance under equity compensation plans, including 11,942,366 shares under the 2002 Share Incentive Plan and 41,372 shares under the 1995 Directors Plan.
Who are the largest beneficial owners of UAL voting securities?
State Street Bank and Trust Company, as ESOP trustee, is shown with 17,583,559 common shares, or 14.45% of the class, as of March 17, 2003. Susquehanna Investment Group reported 4,397,029 common shares, or 6.6%, based on a Schedule 13G filed February 10, 2003.
04—Continue