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Form 4 UNITED BANKSHARES INC/WV For: Jan 30 Filed by: ADAMS RICHARD M SR

January 31, 2023 12:12 PM EST
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 *
ADAMS RICHARD M SR

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
01/30/2023
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 01/30/2023 01/30/2023 P   47 A $ 39.25 21,578.9841 (1) I By Immediate Family (2)
Common Stock               793,741.2181 (2) D (3)  
Common Stock - Direct IRA               7,734.265 (2) D (4)  
Common Stock               68,429.8207 (5) I By 401k
Common Stock               1,400 I By Corporation
Common Stock               4,166.325 (1) I By Wife- IRA (2)
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 $ 28.89             02/24/2014 02/24/2024 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 $ 32.51             02/24/2021 02/24/2030 Common Stock 22,041   22,041 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  
Explanation of Responses:
1. Since the date of the reporting person's last report, 366 shares previously owned through the wife's IRA were transferred and now held indirectly by Immediate Family.
2. Additional stock acquired in the Dividend Reinvestment Plan.
3. Since the date of the reporting person's last report, 571 shares previously owned through Mr. Adams' IRA were transferrred and now held directly by Mr. Adams.
4. Since the date of the reporting person's last report, 571 shares previously owned through Mr. Adams' IRA were transferred and now held directly by Mr. Adams.
5. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
Shelli L. Adams 01/31/2023
** 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.


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