Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HEMSLEY STEPHEN J
  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
__X__ Officer (give title below) _____ Other (specify below)
Executive Chair of the Board
(Last)
(First)
(Middle)
C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2018
(Street)

MINNETONKA, MN 55343
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 06/26/2018   A   436.014 (1) A $ 0 1,734,250.197 (2) D  
Common Stock               312.1288 I by 401(k)
Common Stock               477,182 (3) I by GRAT1
Common Stock               303,143 (4) I by GRAT2
Common Stock               287,178 (5) I by GRAT3
Common Stock               419,155 (6) (7) I by GRAT4

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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 Underlying Securities
(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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HEMSLEY STEPHEN J
C/O UNITEDHEALTH GROUP
9900 BREN ROAD EAST
MINNETONKA, MN 55343
  X     Executive Chair of the Board  

Signatures

 Faraz A. Choudhry, Attorney-in-Fact for Stephen J. Hemsley   06/28/2018
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents dividend equivalents paid on outstanding deferred stock units and restricted stock units. The dividend equivalents are subject to the same terms as the respective underlying units and are forfeited if such units do not vest.
(2) Includes 220,695 shares transferred from Grantor Retained Annuity Trust #4 to satisfy an annuity payment on April 26, 2018, and excludes an aggregate of 34,900 shares previously directly owned which were contributed to each Grantor Retained Annuity Trust as set forth in footnotes 3 through 6 on May 14, 2018. These transfers were exempt from Section 16 pursuant to Rule 16a-13.
(3) Reflects the transfer of 12,700 shares previously owned directly which were contributed to Grantor Retained Annuity Trust #1 on May 14, 2018.
(4) Reflects the transfer of 6,200 shares previously owned directly which were contributed to Grantor Retained Annuity Trust #2 on May 14, 2018.
(5) Reflects the transfer of 6,150 shares previously owned directly which were contributed to Grantor Retained Annuity Trust #3 on May 14, 2018.
(6) Reflects the transfer of 9,850 shares previously owned directly which were contributed to Grantor Retained Annuity Trust #4 on May 14, 2018.
(7) Reflects the transfer of 220,695 shares from Grantor Retained Annuity Trust #4 to the reporting person to satisfy an annuity payment on April 26, 2018.

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