SEC Form 4 · accession 0001120437-18-000104
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
Sep 25, 2018
Accepted (ET)
Sep 27, 2018 · 3:22 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 | Sep 25, 2018 | M | 59,300 | $41.22 | A | 59,300 | D | |
| Common Shares | Sep 25, 2018 | F | 57,554 | $43.52 | D | 1,746 | D | |
| Common Shares | Sep 26, 2018 | S | 1,746 | $43.40 | 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 | $41.22 | Sep 25, 2018 | M | 59,300 | D | — | Apr 1, 2024 | Common Shares | 59,300 | 0 | D |
Explanation of responses
- F1Shares withheld to pay for exercise price (56,166 shares) and tax liability (1,388 shares).
- F2Granted on April 1, 2014 and vests in annual increments of one third on April 1 of each year beginning 2015 and ending in 2017.