SEC Form 4 · accession 0001224421-16-000018
ARRAY DIGITAL INFRASTRUCTURE, INC. · AD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Perez
Officer — Senior Vice President - Sales
Period of report
Apr 1, 2016
Accepted (ET)
Apr 4, 2016 · 5:41 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 | Apr 1, 2016 | M | 2,675 | $0.00 | A | 4,775 | D | |
| Common SharesF2 | Apr 1, 2016 | F | 831 | $45.87 | D | 3,944 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Apr 1, 2016 | M | 2,675 | D | Apr 1, 2016 | Apr 1, 2016 | Common Shares | 2,675 | 0 | D |
| Option (Right to Buy)F3 | $45.87 | Apr 1, 2016 | A | 20,975 | A | Apr 1, 2017 | Apr 1, 2026 | Common Shares | 20,975 | 20,975 | D |
| Restricted Stock UnitsF4 | $0.00 | Apr 1, 2016 | A | 7,489 | A | Apr 1, 2019 | Apr 1, 2019 | Common Shares | 7,489 | 7,489 | D |
Explanation of responses
- F1Vesting of restricted stock units that were awarded on 4/1/2013 under the United States Cellular Corporation Long Term Incentive Plan
- F2Delivery of Common Shares as settlement for taxes due in connection with restricted stock units awarded under the United States Cellular Corporation Long Term Incentive Plan.
- F3Granted under the United States Cellular Corporation Long Term Incentive Plan. This option vests in three equal annual installments beginning on the first anniversary of the Transaction Date.
- F4These restricted stock units awarded under the United States Cellular Corporation Long Term Incentive Plan. These restricted stock units will vest on the third anniversary of the Transaction Date.