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ARRAY DIGITAL INFRASTRUCTURE, INC. — Director's Dealing 2017
Apr 5, 2017
31133_dirs_2017-04-05_73f7ef12-8389-49a1-bd88-ff9e7b1130c1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNITED STATES CELLULAR CORP (USM)
CIK: 0000821130
Period of Report: 2017-04-03
Reporting Person: IRIZARRY MICHAEL (EVP-CTO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-03 | Common Shares | M | 11310 | — | Acquired | 27608 | Direct |
| 2017-04-03 | Common Shares | F | 3517 | $37.33 | Disposed | 24091 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-04-03 | Restricted Stock Units | $0 | M | 11310 | Disposed | 2017-04-03 | Common Shares (11310) | Direct |
| 2017-04-03 | Performance Share Units | $ | A | 9779.5 | Acquired | Common Shares (9779.5) | Direct | |
| 2017-04-03 | Restricted Stock Units | $0 | A | 19559 | Acquired | Common Shares (19559) | Direct |
Footnotes
F1: Delivery of Common Shares as settlement for taxes due in connection with restricted shares awarded under the United States Cellular Corporation Long-Term Incentive Plan.
F2: Vesting of restricted stock units that were awarded on 04/01/2013 under the United States Cellular Corporation Long-Term Incentive Plan.
F3: On April 3, 2017, the reporting person was granted an award based on the achievement of certain performance measures, except that such award provides that in no event shall the number of shares subject to the award be less than 50% of the target opportunity as of the grant date. Accordingly, the reporting person is reporting a stock award of 50% of the target opportunity as of the grant date. To the extent that the actual amount is determined to be greater than 50% of the target opportunity based on the final determination of the performance measures, the reporting person will file a Form 4 at such time to report the additional award above 50% of the target opportunity.
F4: These restricted stock units were 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.