SEC Form 4 · accession 0001120437-18-000088
ARRAY DIGITAL INFRASTRUCTURE, INC. · AD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Irizarry
Officer — EVP-CTO
Period of report
Aug 6, 2018
Accepted (ET)
Aug 7, 2018 · 3:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000821130
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Aug 6, 2018 | S | 36,203 | $40.58 | D | 0 | D | |
| Common Shares | Aug 6, 2018 | M | 46,933 | $36.42 | A | 46,933 | D | |
| Common Shares | Aug 6, 2018 | F | 44,293 | $40.51 | D | 2,640 | D | |
| Common Shares | Aug 7, 2018 | S | 2,640 | $40.67 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common SharesF2 | $36.42 | Aug 6, 2018 | M | 46,933 | D | — | Apr 25, 2025 | Common Shares | 46,933 | 0 | D |
Explanation of responses
- F1Shares withheld to pay for exercise price (42,195 shares) and tax liability (2,098 shares).
- F2Granted on April 1, 2015 and vest in annual increments of one third on April 1 of each year beginning 2016 and ending in 2018.