Under Armour (UA) stock split to create class C shares, UA.C

Under Armor split its stock in the form of a spinoff of a new non-voting class of shares. One share of new class C shares was distributed for each Under Armor share. The two classes trade separately so this should be treated as a spinoff rather than a stock split in the accounting software. The class A shares still trade under the UA ticker while the new class C shares trade under the UA.C symbol.

This action is a simple spinoff transaction in the accounting software.  The information below is based on the average of the opening and closing prices of both classes of UA shares.

NOTE: In connection to this transaction, a stock split was performed on Under Armour Class C shares, in late June, 2016. For information and steps on how to enter this, please see our FAQ page at: https://www.iclub.com/faq/Home/Article?id=528

The Spinoff Entry

Go to Transactions > Spinoff  or Accounting > Securities > Record spinoff of securities depending on the version of the software being used. If you are unfamiliar with spinoff transactions you can get help at this URL: https://www.iclub.com/support/kb/default.asp?page=normal_spinoff

Here is the information you need to complete the spinoff.

• Date: 4/8/2016
• Select Parent Security (or Parent Company) : Under Armor (UA).
• Remaining Basis Percentage: 50.91
• Cash received:  See your broker statement for cash-in-lieu received.
• Spinoff  Security (or Symbol of New Company) : Under Armor class C (UA.C)
• Shares received : 1.0 x (# of UA  shares owned)   (Remember to include fractional shares.)
• For example, if you owned 100 UA shares, you should receive 1.0 x 100 = 100 UA.C shares.
• Price Per Share : 42.815 (Average of opening and closing prices on 4/8/2016).