SEC Form 4 · accession 0001338678-17-000001
AMERICAN TOWER CORP /MA/ · AMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Taiclet Jr.
Officer — Chairman, President and CEO · Director
Period of report
Jan 10, 2017
Accepted (ET)
Jan 12, 2017 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001053507
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 10, 2017 | M | 40,000 | $28.39 | A | 281,587 | D | |
| Common StockF3 | Jan 10, 2017 | S | 37,300 | $104.07 | D | 244,287 | D | |
| Common StockF4 | Jan 10, 2017 | S | 2,700 | $104.90 | D | 241,587 | D | |
| Common StockF5 | holding | — | — | — | 1,420 | I | By children | |
| Common Stock | holding | — | — | — | 59,817 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF6 | $28.39 | Jan 10, 2017 | M | 40,000 | D | — | Mar 10, 2019 | Common Stock | 40,000 | 109,760 | D |
Explanation of responses
- F114,650 shares and 420 shares were returned to the reporting person's direct beneficial ownership on December 20, 2016 and December 21, 2016, respectively, in the form of scheduled annuity payments under the terms of a grantor retained annuity trust (GRAT).
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 1, 2016.
- F3Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $103.52 to $104.50 per share.
- F4Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $104.52 to $105.14 per share.
- F5The reporting person disclaims beneficial ownership in shares held by children.
- F6This option was granted pursuant to the 2007 Equity Incentive Plan and is exercisable in 25% cummualtive annual increments beginning March 10, 2010.