Under Armour, Inc. — Director's Dealing 2011

Jan 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Under Armour, Inc. (UA)
CIK: 0001336917
Period of Report: 2011-01-27

Reporting Person: MARINO WAYNE (COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Employee Stock Option (Right to Buy)	$13.71	A	50000	Acquired	2019-03-09	Class A Common Stock (50000)	Direct

Footnotes

F1: On March 10, 2009, the reporting person was granted an option to purchase shares of Common Stock, with vesting based on the Company achieving a certain combined operating income for 2009 and 2010. The Company achieved this vesting condition. The award will now vest in two equal annual installments beginning February 15, 2011.