SEC Form 4 · accession 0001224421-15-000013
ARRAY DIGITAL INFRASTRUCTURE, INC. · AD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Irizarry
Officer — Exec. VP and CTO
Period of report
May 4, 2015
Accepted (ET)
May 5, 2015 · 4:29 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 | May 4, 2015 | S | 1,588 | $38.33 | D | 10,900 | D | |
| Common Shares | May 4, 2015 | S | 2,412 | $38.25 | D | 8,488 | D | |
| Common Shares | May 4, 2015 | S | 420 | $38.36 | D | 8,068 | D | |
| Common Shares | May 4, 2015 | S | 3,525 | $38.30 | D | 4,543 | D | |
| Common Shares | May 4, 2015 | S | 910 | $38.37 | D | 3,633 | D | |
| Common Shares | May 4, 2015 | S | 2,157 | $38.33 | D | 1,476 | D | |
| Common Shares | May 4, 2015 | S | 933 | $38.39 | D | 543 | D | |
| Common Shares | May 4, 2015 | S | 542 | $38.15 | D | 1 | D | |
| Common Shares | May 4, 2015 | M | 15,233 | $34.94 | A | 15,234 | D | |
| Common SharesF2 | May 4, 2015 | F | 13,885 | $38.33 | D | 1,349 | D | |
| Common SharesF3 | May 4, 2015 | F | 612 | $38.33 | D | 737 | D | |
| Common Shares | May 4, 2015 | M | 22,268 | $31.17 | A | 23,005 | D | |
| Common SharesF2 | May 4, 2015 | F | 18,108 | $38.33 | D | 4,897 | D | |
| Common SharesF3 | May 4, 2015 | F | 1,901 | $38.33 | D | 2,996 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F1 | $34.94 | May 4, 2015 | M | 15,233 | A | Apr 2, 2015 | Apr 2, 2022 | Common Shares | 15 | 0 | D |
| Option (Right to Buy)F1 | $31.17 | May 4, 2015 | M | 22,268 | A | Apr 1, 2014 | Apr 1, 2023 | Common Shares | 22,268 | 22,268 | D |
Explanation of responses
- F1Granted under the United States Cellular Corporation Long Term Incentive Plan. This option vested in three equal annual installments beginning on the first anniversary of the grant date
- F2Withholding of Common Shares for payment of the option exercise price and cash payment of remaining fractional share in connection with the exercise of options awarded under the United States Cellular Corporation Long Term Incentive Plan.
- F3Withholding of Common Shares as settlement for taxes due in connection with the exercise price of an option awarded under the United States Cellular Corporation Long Term Incentive Plan.