Under Armour, Inc. — Director's Dealing 2011

Nov 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Under Armour, Inc. (UA)
CIK: 0001336917
Period of Report: 2011-11-10

Reporting Person: Dickerson Brad (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-10	Class A Common Stock	M	2500	$13.71	Acquired	2550	Direct
2011-11-10	Class A Common Stock	S	2500	$81.84	Disposed	50	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-10	Employee Stock Option (Right to Buy)	$13.71	M	2500	Disposed	2019-03-09	Class A Common Stock (2500)	Direct

Footnotes

F1: Shares sold pursuant to a 10b5-1 trading plan.

F2: In March 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. Following this, the award is exercisable in two equal annual installments beginning February 15, 2011.