SEC Form 5
FORM 5

[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).

[ ]Form 3 Holdings Reported
[X]Form 4 Transactions Reported
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, 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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1. Name and Address of Reporting Person*
ADAMS, SR, RICHARD     M

(Last)                      (First)                      (Middle)
514 MARKET STREET


(Street)
PARKERSBURG, WV     26101

(City)                      (State)                      (Zip)

2. Issuer Name and Ticker or Trading Symbol

UNITED BANKSHARES, INC   UBSI
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

           X          Director                           10% Owner
           X          Officer                             Other

Officer/Other
Description           Chairman of the Board & Chief Executive Officer

7. Individual or Joint/Group
    Filing (Check Applicable Line)

X   Individual Filing
      Joint/Group Filing
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
4. Statement for
    Month/Day/Year

    December 31, 2003


5. If Amendment,
    Date of Original
    (Month/Day/Year)
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 (D) Of
    (Instr. 3, 4, and 5)





        Amount      |         A/D         |         Price          
5. Amount of
    Securities
    Beneficially
    Owned at
    End of
    Issuer's Fiscal
    Year

    (Instr. 3 and 4)
6. Owner-
    ship
    Form:
    Direct(D)
    or
    Indirect (I)

    (Instr. 4)
7. Nature of
     Indirect
     Beneficial
     Ownership

    (Instr. 4)
Common Stock
10/02/2002

R
              7   |           A           |   $29.3300
393424
D

Common Stock




46877
I
By Immediate Family
Common Stock




8174
I
Family Trust
Common Stock




34380
I
Trust
Common Stock




2757
I
Wife - IRA
Common Stock - Direct IRA




3133
D









If the form is filed by more than one reporting person, see instruction 4(b)(v).
Persons who respond to the collection of information contained in this form are not required to
respond unless the form displays a currently valid OMB control number.
(over)
SEC 2270 (7-02)

ADAMS, SR, RICHARD M - December 31, 2003
Form 5 (continued)
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. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security
3. Transaction
    Date

    (Month/
    Day/
    Year)
3A. Deemed
      Execution
      Date, if
      any

      (Month/
      Day/
      Year)
4. Transaction
    Code
5. Number of Derivative
    Securities Acquired (A)
    or Disposed (D) Of

    (Instr. 3,4 and 5)
6. Date Exercisable(DE) and
    Expiration Date(ED)
    (Month/Day/Year)






  (DE)     |     (ED)  
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
    at End of
    Year
    (Instr.4)
10.
Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D)
or
Indirect
(I)
(Instr.4)
11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.4)
Stock Option
$29.3700



11/08/2002 | 11/08/2012
Common Stock - 30000
30000
D

Stock Option
$13.5000



11/23/1993 | 11/23/2003
Common Stock - 20000
20000
D

Stock Option
$11.5000



11/28/1994 | 11/28/2004
Common Stock - 29000
29000
D

Stock Option
$15.0000



11/27/1995 | 11/27/2005
Common Stock - 25428
25428
D

Stock Option
$14.8750



11/07/1996 | 11/07/2006
Common Stock - 25428
25428
D

Stock Option
$22.0000



11/14/1997 | 11/14/2007
Common Stock - 28000
28000
D

Stock Option
$27.0000



11/05/1998 | 11/05/2008
Common Stock - 24000
24000
D

Stock Option
$27.1200



11/01/2001 | 11/01/2011
Common Stock - 30000
30000
D

Stock Option
$25.6250



11/04/1999 | 11/04/2009
Common Stock - 24000
24000
D

Stock Option
$19.1880



11/02/2000 | 11/02/2010
Common Stock - 24000
24000
D













Explanation of Responses :


** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
        See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient,
            see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.
By: Jennie S Singer, Lmtd POA, Attorney-in-Fact               __________________
** Signature of Reporting Person                         Date


Power of Attorney

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