4 1 edgar.txt FORM 4 - MAY 31, 2001 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Eisman, Wallace P. P.O. Box 696000 San Antonio, Texas 78269-6000 2. Issuer Name and Ticker or Trading Symbol Ultramar Diamond Shamrock Corporation (UDS) 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year May 31, 2001 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Executive Vice President 7. 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 |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock |5/15/0|M | |5,000 |A |$30.125 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |5/15/0|S | |5,000 |D |$54.68 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |5/17/0|M | |10,000 |A |$30.125 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |5/17/0|S | |10,000 |D |$55.00 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |5/18/0|M | |10,000 |A |$30.125 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |5/18/0|S | |10,000 |D |$55.58 |36,007.12 (b) (c) |D | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock | | | | | | |4,105.73 (d) |I |(d) | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Employee stock option |$30.125 |5/15/|M | |5,000 |D |5/11/|12/19|Common Stock|5,000 | | | | | (right to buy) (g) | |01 | | | | |01 |/01 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$30.125 |5/17/|M | |10,000 |D |5/11/|12/19|Common Stock|10,000 | | | | | (right to buy) (g) | |01 | | | | |01 |/01 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$30.125 |5/18/|M | |10,000 |D |5/11/|12/19|Common Stock|10,000 | |244,552 |D | | (right to buy) (g) | |01 | | | | |01 |/01 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Cash only securities (| | | | | | | | |Common Stock| | |431.09 |D | | gg) | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Cash only securities (| | | | | | | | |Common Stock| | |548.28 |D | | hh) | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (b) 19,600 of such shares were issued pursuant to Long Term Incentive Plans and remain subject to forfeiture as of May 31, 2001. (c) 144.73 shares were acquired pursuant to the Ultramar Diamond Shamrock Corporation Dividend Reinvestment Plan at a price of $37.80 on March 5, 2001. (d) Shares held in the Company's 401(k) Plan. (g) Employee Stock options granted under the Company's Long-Term Incentive Plans. (gg) Cash only securities denominated in Ultramar Diamond Shamrock Corporation stock held in the Company's Non-Qualified 401(k) Plan for Mr. Eisman's account. (hh) Cash only securities denominated in Ultramar Diamond Shamrock Corporation stock held in the Company's Excess ESOP Plan for Mr. Eisman's account at December 31, 2000. SIGNATURE OF REPORTING PERSON /s/ Wallace P. Eisman (By Power of Attorney) DATE June 8, 2001