Under Armour Class C Stock Dividend / Stock Split

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.

Under Armor has also changed the ticker symbols for the class A and class C shares, since this spinoff took place. If your club has not already done so, make sure that you have the current ticker symbols assigned to the correct class of shares.

  • As of this writing, Under Armor class A shares use the ticker symbol UAA
  • As of this writing, Under Armor class C shares use the ticker symbol UA

The highlighted section below gives steps on how to adjust the name and ticker symbol for securities in both myICLUB.com and the Desktop Club Accounting 3. Before working on the spinoff, make *certain* that you have at least adjusted the name and ticker for the class A shares, to UAA.


In Club Accounting 3:

  • Click the SECURITIES heading on the left hand side of the page
  • Find the stock in the list, and double-click it.
  • Change the name or ticker symbol as needed, and click OK

In Club Accounting Online (myiclub.com)

  • When signed in to myiclub.com, click the ACCOUNTING tab near the top of the page.
  • Click the SECURITIES heading on the left hand side of the page.
  • Click SECURITY SETTINGS on the left hand side of the page.
  • On the security Settings page, click the Pencil/EDIT link next to the stock you would like to change.
  • On the following page, you can change the Company name, Symbol and other information.
  • Note that there is a box titled Symbol, and a box titled Quote Symbol near the bottom of the page. If you would like the ticker to display a short name on the main accounting page, enter the short name in the Symbol box, and the true ticker symbol in the Quote Symbol box. If not, enter the same ticker symbol in both boxes.
  • Click the SUBMIT button near the bottom right-hand corner of the page to save any changes.

Once you have the name(s) and ticker(s) adjusted

Go to Transactions > Spinoff or Accounting > Securities > Record spinoff of securities depending on if you are using the Desktop Accounting 3 program, or the online accounting at myICLUB.com

Here is the information you need to complete the spinoff.

  • Date: 4/8/2016
  • Select Parent Security (or Parent Company) : Under Armor (UAA)
  • 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)
  • Shares received : 1.0 x (# of UAA shares owned) (Remember to include fractional shares.)
  • For example, if you owned 100 UA shares, you should receive 1.0 x 100 = 100 UA shares.
  • Price Per Share : 42.815 (Average of opening and closing prices on 4/8/2016)

Save the transaction and the spinoff has been entered.


Shortly after this spinoff, in June of 2016, Under Armor performed a stock split on their Class C shares. The split ratio was so small that most clubs only received cash.

Don't forget that you'll be entering this split using the UA ticker symbol, as this is the current symbol for Under Armor Class C shares.

If you are using the online accounting at myICLUB.com , you can enter the stock split transaction as normal. Enter the date as June 15th, 2016 (or whatever date your broker shows), use a split ratio of 0.007098 for 1 , and don't forget to include whatever cash the club received.

If you are using the Desktop Accounting 3 program, the main difference is that you should not including the cash received, as part of the stock split transaction. Instead, you will need to enter a sale the next day, of the fractional shares that were sold off, for the amount of money that the club received.