SEC Form 4 · accession 0001224421-16-000021
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
Apr 1, 2016
Accepted (ET)
Apr 4, 2016 · 5:57 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 | 18,071 | $0.00 | A | 18,072 | D | |
| Common SharesF1 | Apr 1, 2016 | F | 6,421 | $45.87 | D | 11,652 | 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 UnitsF2 | $0.00 | Apr 1, 2016 | M | 18,071 | D | Apr 1, 2016 | Apr 1, 2016 | Common Shares | 18,071 | 0 | D |
| Option (Right to Buy)F3 | $45.87 | Apr 1, 2016 | A | 56,050 | A | Apr 1, 2017 | Apr 1, 2026 | Common Shares | 56,050 | 56,050 | D |
| Restricted Stock UnitsF4 | $0.00 | Apr 1, 2016 | A | 20,006 | A | Apr 1, 2019 | Apr 1, 2019 | Common Shares | 20,006 | 20,006 | D |
Explanation of responses
- F1Delivery of Common Shares as settlement for taxes due in connection with restricted shares awarded under the United States Cellular Corporation Long Term Incentive Plan.
- F2Vesting of restricted stock units that were awarded on 04/01/2013 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.