SEC Form 4 · accession 0001120437-18-000042
ARRAY DIGITAL INFRASTRUCTURE, INC. · AD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deirdre Drake
Officer — SVP-Chief HR Officer
Period of report
Mar 12, 2018
Accepted (ET)
Mar 12, 2018 · 5:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000821130
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | — | Mar 12, 2018 | A | 7,093 | A | — | — | Common Shares | 11,615 | 11,615 | D |
Explanation of responses
- F1On April 3, 2017, the reporting person was granted an award based on achievement of certain performance measures, except that such award provided that in no event shall the number of shares subject to the award be less than 50% of the target opportunity as of the grant date. Based on company performance at 12/31/17, the LTICC certified on March 12, 2018 that the reporting person was entitled to 128.4% of this target opportunity.