SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
RYAN ROBERT L

(Last) (First) (Middle)
C/O UNITEDHEALTH GROUP INCORPORATED
9900 BREN ROAD EAST

(Street)
MINNETONKA MN 55343

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNITEDHEALTH GROUP INC [ UNH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/14/2006 J V 16,000(1) D $0 8,000 D
Common Stock 05/01/2007 M 2,120 A $18.89 10,120 D
Common Stock 05/01/2007 M 10,000 A $18.9725 20,120 D
Common Stock 05/01/2007 M 10,000 A $23.0875 30,120 D
Common Stock 05/01/2007 M 1,640 A $22.0975 31,760 D
Common Stock 05/01/2007 M 1,920 A $21.075 33,680 D
Common Stock 05/01/2007 M 10,000 A $22.1175 43,680 D
Common Stock 05/01/2007 M 1,720 A $23.67 45,400 D
Common Stock 05/01/2007 M 10,000 A $21.4275 55,400 D
Common Stock 05/01/2007 M 10,000 A $22.82 65,400 D
Common Stock 05/01/2007 M 10,000 A $25.155 75,400 D
Common Stock 05/01/2007 M 10,000 A $25.88 85,400 D
Common Stock 05/01/2007 M 10,000 A $29.52 95,400 D
Common Stock 05/01/2007 S 4,000 D $52.5 91,400 D
Common Stock 05/01/2007 S 3,000 D $52.52 88,400 D
Common Stock 05/01/2007 S 6,300 D $52.53 82,100 D
Common Stock 05/01/2007 S 4,600 D $52.54 77,500 D
Common Stock 05/01/2007 S 32,600 D $52.55 44,900 D
Common Stock 05/01/2007 S 6,200 D $52.56 38,700 D
Common Stock 05/01/2007 S 9,200 D $52.57 29,500 D
Common Stock 05/01/2007 S 8,800 D $52.6 20,700 D
Common Stock 05/01/2007 S 9,900 D $52.61 10,800 D
Common Stock 05/01/2007 S 1,914 D $52.62 8,886 D
Common Stock 05/01/2007 S 400 D $52.65 8,486 D
Common Stock 05/01/2007 S 100 D $52.66 8,386 D
Common Stock 05/01/2007 S 386 D $52.67 8,000 D
Common Stock 03/14/2006 J V 16,000(1) A $0 16,000 I by GRAT
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $18.89 05/01/2007 M 2,120 08/12/2002 02/12/2012 Common Stock 2,120 $0 0 D
Non-Qualified Stock Option (right to buy) $18.9725 05/01/2007 M 10,000 10/01/2002 04/01/2012 Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $21.075 05/01/2007 M 1,920 08/06/2002 08/06/2012 Common Stock 1,920 $0 0 D
Non-Qualified Stock Option (right to buy) $21.4275 05/01/2007 M 10,000 01/02/2003 01/02/2013 Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $22.0975 05/01/2007 M 1,640 05/15/2002 05/15/2012 Common Stock 1,640 $0 0 D
Non-Qualified Stock Option (right to buy) $22.1175 05/01/2007 M 10,000 10/01/2002 10/01/2012 Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $22.82 05/01/2007 M 10,000 04/01/2003 04/01/2013 Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $23.0875 05/01/2007 M 10,000 07/01/2002 07/01/2012 Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $23.67 05/01/2007 M 1,720 10/29/2002 10/29/2012 Common Stock 1,720 $0 0 D
Non-Qualified Stock Option (right to buy) $25.155 05/01/2007 M 10,000 07/01/2003 07/01/2013 Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $25.88 05/01/2007 M 10,000 10/01/2003 10/01/2013 Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $29.52 05/01/2007 M 10,000 01/02/2004 01/02/2014 Common Stock 10,000 $0 0 D
Explanation of Responses:
1. The reporting person contributed 16,000 shares to a grantor retained annuity trust on March 14, 2006 and, as a result, changing his beneficial ownership with respect to the 16,000 shares from direct beneficial ownership to indirect beneficial ownership.
By: Dannette L. Smith For: Robert L. Ryan 05/02/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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