4 1 edgar.txt FORM 4 - JULY 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 Gaulin, Jean P.O. Box 696000 San Antonio, TX 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 July 31, 2001 5. If Amendment, Date of Original (Month/Year) August 9, 2001 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Chairman, President and Chief Executive Officer 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 |7/26/0|M | |83,700 |A |$30.125 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |7/26/0|M | |143,100 |A |$30.125 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |7/26/0|S | |143,100 |D |$46.53 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |7/27/0|M | |123,200 |A |$30.125 | | | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |7/27/0|S | |123,200 |D |$46.41 |289,177 (b) |D | | |1 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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 |7/26/|M | |83,700 |D |6/19/|12/19|Common Stock|83,700 | | | | | (right to buy) (g) | |01 | | | | |01 |/01 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$30.125 |7/26/|M | |143,100 |D |6/19/|12/19|Common Stock|143,100| | | | | (right to buy) (g) | |01 | | | | |01 |/01 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$30.125 |7/27/|M | |123,200 |D |6/19/|12/19|Common Stock|123,200| |1,027,725 |D | | (right to buy) (g) | |01 | | | | |01 |/01 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (b) 96,800 of such shares were issued pursuant to Long Term Incentive Plans and remain subject to forfeiture as of July 31, 2001. (g) Employee Stock option granted under the Company's Long-Term Incentive Plans. SIGNATURE OF REPORTING PERSON /s/ JEAN GAULIN (Power of Attorney) DATE August 14, 2001