UNITED THERAPEUTICS Corp — Director's Dealing 2011

Feb 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED THERAPEUTICS Corp (UTHR)
CIK: 0001082554
Period of Report: 2011-02-07

Reporting Person: JEFFS ROGER (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-07	Common Stock	M	10000	$25.315	Acquired	26120	Direct
2011-02-07	Common Stock	S	10000	$65.95	Disposed	16120	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-07	Share Tracking Award	$25.315	M	10000	Disposed	2018-06-03	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5942	Indirect

Footnotes

F1: Shares held by a family limited liability company of which the reporting person and his spouse are managing members.

F2: Exercise of a cash-settled share tracking award.

F3: Exercise price and number of shares/awards has been adjusted to reflect the issuer's two-for-one stock split on September 22, 2009.

F4: This exercise of share tracking awards was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person.