Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| UNITEDHEALTH GROUP INCUNH · Entity 2809 | Chief Financial Officer | May 02, 2006 | May 04, 2006 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
UNITEDHEALTH GROUP INC
Report date May 02, 2006 · Filed May 04, 2006
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Stock Appreciation RightsSEC Table II · derivative / convertible security · Conversion / exercise price $48.58 · Expires 2016-05-02 | Direct | 125,000 |
Reported balance
After 2006-05-02 transaction · row 1
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 1 · 2006-05-02 · Grant · Acquired 125,000 · Balance 125,000 |
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| May 02, 2006 Filed May 4, 2006 23:17 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | GrantStock Appreciation Rights · Derivative | 125,000 | $0.00 Strike: $48.58 | $0.00 |
DisclosureSEC source: 0000731766-06-000053 · edgardoc.xml · derivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 125,000 Underlying: Common Stock · 125,000 shares Expires 2016-05-02 Read SEC document |
| October 31, 2005 Filed Nov 2, 2005 23:23 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | GrantNon-Qualified Stock Option (right to buy) · Derivative | 50,000 | $0.00 Strike: $57.89 | $0.00 |
DisclosureSEC source: 0000731766-05-000125 · edgardoc.xml · derivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 50,000 Underlying: Common Stock · 50,000 shares Expires 2015-10-31 Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionNon-Qualified Stock Option (right to buy) · Derivative | 65,000 | $0.00 Strike: $13.17 | $0.00 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · derivative · entry 10 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 55,000 Underlying: Common Stock · 65,000 shares Expires 2011-01-17 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning 1/17/02. Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionNon-Qualified Stock Option (right to buy) · Derivative | 40,000 | $0.00 Strike: $13.17 | $0.00 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · derivative · entry 9 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 120,000 Underlying: Common Stock · 40,000 shares Expires 2011-01-17 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning 1/17/02. Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionNon-Qualified Stock Option (right to buy) · Derivative | 7,504 | $0.00 Strike: $6.53 | $0.00 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · derivative · entry 8 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 7,504 shares Expires 2008-02-06 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionNon-Qualified Stock Option (right to buy) · Derivative | 37,520 | $0.00 Strike: $5.02 | $0.00 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · derivative · entry 7 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 37,520 shares Expires 2009-10-13 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | SaleCommon Stock | 150,024 | $53.00 | $7,951,272.00 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · nonDerivative · entry 5 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,083 Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionCommon Stock | 65,000 | $13.17 | $856,173.50 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · nonDerivative · entry 4 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 157,107 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionCommon Stock | 40,000 | $13.17 | $526,876.00 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · nonDerivative · entry 3 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 92,107 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionCommon Stock | 37,520 | $5.02 | $188,189.06 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · nonDerivative · entry 2 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 52,107 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| September 06, 2005 Filed Sep 6, 2005 20:07 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | Exercise / conversionCommon Stock | 7,504 | $6.53 | $49,010.88 |
DisclosureSEC source: 0000731766-05-000110 · edgardoc.xml · nonDerivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 14,587 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| May 02, 2005 Filed May 4, 2005 21:24 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | GrantNon-Qualified Stock Option (right to buy) · Derivative | 50,000 | $0.00 Strike: $94.68 | $0.00 |
DisclosureSEC source: 0000731766-05-000068 · edgardoc.xml · derivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 50,000 Underlying: Common Stock · 50,000 shares Expires 2015-05-02 F1 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning May 2, 2006. Read SEC document |
| December 07, 2004 Filed Dec 9, 2004 21:51 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | GrantNon-Qualified Stock Option (right to buy) · Derivative | 154,000 | $0.00 Strike: $79.70 | $0.00 |
DisclosureSEC source: 0000731766-04-000198 · edgardoc.xml · derivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 154,000 Underlying: Common Stock · 154,000 shares Expires 2014-12-07 F1 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning 12/7/05. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 20,000 | Not disclosed Strike: $26.34 | Not disclosed |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · derivative · entry 16 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 80,000 Underlying: Common Stock · 20,000 shares Expires 2011-01-17 F1 · price: Because this is the disposition of a derivative security, sale price does not apply. F7 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning 1/17/02. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 60,000 | Not disclosed Strike: $26.34 | Not disclosed |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · derivative · entry 15 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 100,000 Underlying: Common Stock · 60,000 shares Expires 2011-01-17 F1 · price: Because this is the disposition of a derivative security, sale price does not apply. F7 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning 1/17/02. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 45,000 | Not disclosed Strike: $19.55 | Not disclosed |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · derivative · entry 14 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 15,000 Underlying: Common Stock · 45,000 shares Expires 2010-07-26 F1 · price: Because this is the disposition of a derivative security, sale price does not apply. F6 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning 7/26/01. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 3,752 | Not disclosed Strike: $13.06 | Not disclosed |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · derivative · entry 13 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,752 Underlying: Common Stock · 3,752 shares Expires 2008-02-06 F1 · price: Because this is the disposition of a derivative security, sale price does not apply. F5 · derivative.exercise_date: The option is exercisable as follows: 25% on October 13, 2000; 18.75% on each of August 1, 2001, 2002 and 2003; and 18.75% on February 6, 2004. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 26,668 | Not disclosed Strike: $11.91 | Not disclosed |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · derivative · entry 12 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 26,668 shares Expires 2010-03-08 F1 · price: Because this is the disposition of a derivative security, sale price does not apply. F4 · derivative.exercise_date: The option is exercisable in three equal annual installments beginning March 1, 2001. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 18,760 | Not disclosed Strike: $10.03 | Not disclosed |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · derivative · entry 11 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,760 Underlying: Common Stock · 18,760 shares Expires 2009-10-13 F1 · price: Because this is the disposition of a derivative security, sale price does not apply. F3 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning December 1, 2000. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 2,520 | Not disclosed Strike: $8.34 | Not disclosed |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · derivative · entry 10 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 2,520 shares Expires 2008-10-01 F1 · price: Because this is the disposition of a derivative security, sale price does not apply. F2 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning December 1, 1999. Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | SaleCommon Stock | 176,700 | $55.00 | $9,718,500.00 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 8 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,514 Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 20,000 | $26.34 | $526,876.00 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 7 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 179,214 Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 60,000 | $26.34 | $1,580,628.00 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 6 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 159,214 Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 45,000 | $19.55 | $879,610.50 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 5 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 99,214 Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 26,668 | $11.91 | $317,517.21 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 4 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 54,214 Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 18,760 | $10.03 | $188,187.19 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 3 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,546 Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 2,520 | $8.34 | $21,026.38 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 2 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,786 Read SEC document |
| December 17, 2003 Filed Dec 18, 2003 19:32 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 3,752 | $13.06 | $49,010.50 |
DisclosureSEC source: 0000731766-03-000024 · edgardoc.xml · nonDerivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,266 Read SEC document |
| December 03, 2003 Filed Dec 5, 2003 21:22 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 180 | $0.00 Strike: $8.34 | $0.00 |
DisclosureSEC source: 0000731766-03-000020 · edgardoc.xml · derivative · entry 7 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,520 Underlying: Common Stock · 180 shares Expires 2008-10-01 F1 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning December 1, 1999. Read SEC document |
| December 03, 2003 Filed Dec 5, 2003 21:22 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 22,300 | $0.00 Strike: $8.34 | $0.00 |
DisclosureSEC source: 0000731766-03-000020 · edgardoc.xml · derivative · entry 6 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,700 Underlying: Common Stock · 22,300 shares Expires 2008-10-01 F1 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning December 1, 1999. Read SEC document |
| December 03, 2003 Filed Dec 5, 2003 21:22 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | SaleCommon Stock | 180 | $55.01 | $9,901.80 |
DisclosureSEC source: 0000731766-03-000020 · edgardoc.xml · nonDerivative · entry 4 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,514 Read SEC document |
| December 03, 2003 Filed Dec 5, 2003 21:22 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | SaleCommon Stock | 22,300 | $55.00 | $1,226,500.00 |
DisclosureSEC source: 0000731766-03-000020 · edgardoc.xml · nonDerivative · entry 3 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,694 Read SEC document |
| December 03, 2003 Filed Dec 5, 2003 21:22 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 180 | $8.34 | $1,501.88 |
DisclosureSEC source: 0000731766-03-000020 · edgardoc.xml · nonDerivative · entry 2 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,994 Read SEC document |
| December 03, 2003 Filed Dec 5, 2003 21:22 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherCommon Stock | 22,300 | $8.34 | $186,066.74 |
DisclosureSEC source: 0000731766-03-000020 · edgardoc.xml · nonDerivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,814 Read SEC document |
| November 28, 2003 Filed Dec 2, 2003 19:50 UTC | UNITEDHEALTH GROUP INC UNH · Entity 2809 | OtherNon-Qualified Stock Option (right to buy) · Derivative | 60,000 | $53.90 Strike: $53.90 | $3,234,000.00 |
DisclosureSEC source: 0000731766-03-000008 · edgardoc.xml · derivative · entry 1 ERLANDSON PATRICK J · CIK 0001179977 · Chief Financial Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 60,000 Underlying: Common Stock · 60,000 shares Expires 2013-11-28 F1 · derivative.exercise_date: The option is exercisable in four equal annual installments beginning 11/28/04. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.