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ARRAY DIGITAL INFRASTRUCTURE, INC. — Director's Dealing 2019
Jan 18, 2019
31133_dirs_2019-01-18_5a157124-b753-4c31-9e55-430a8187c4b8.zip
Director's Dealing
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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership
Issuer: UNITED STATES CELLULAR CORP (USM)
CIK: 0000821130
Period of Report: 2018-12-31
Reporting Person: MEYERS KENNETH R (Director, President and CEO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 104561 | Direct |
| Common Shares | 2949 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option (right to buy) | $39.71 | 2023-07-31 | Common Shares (125000) | 125000 | Direct |
| Option (right to buy) | $45.87 | 2026-04-01 | Common Shares (206300) | 206300 | Direct |
| Restricted Stock Units | $ | 2019-06-22 | Common Shares (45000) | 45000 | Direct |
| Restricted Stock Units | $ | 2019-04-01 | Common Shares (56609) | 56609 | Direct |
| Restricted Stock Units | $ | 2020-04-03 | Common Shares (75543) | 75543 | Direct |
| Restricted Stock Units | $ | 2021-04-02 | Common Shares (78420) | 78420 | Direct |
| Performance Share Units | $ | Common Shares (97013) | 97013 | Direct | |
| Performance Share Units | $ | Common Shares (39210) | 39210 | Direct | |
| Deferred Compensation | $ | Common Shares (30669) | 30669 | Direct |
Footnotes
F1: Voluntary reporting of shares in the TDS 401K. The information is based on a plan statement dated 12/31/18. The number of shares fluctuates and is attributable to the price of the shares on 12/31/18.
F2: Scheduled to become exercisable on June 22, 2019
F3: Reporting person deferred bonuses pursuant to Long Term Incentive Plan. The match vests ratably at 33%, 33%, 34% over a 3 year period, a total of 28,979 are vested.
F4: Options schedule to to become exercisable in annual increments of one-third on April 1 of each year
F5: Restricted stock units that become vested on the third annual anniversary
F6: Restricted stock units that become vested on June 22, 2019
F7: Includes 1,000 shares owned by wife. Reporting person denies beneficial ownership of shares owned by wife.
F8: Performance share units granted 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 has reported 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.
F9: The 2017 performance share units were granted on April 3, 2017, and become vested on April 3, 2020. The performance period ended on December 31, 2017 with a 128.4% achievement of certain performance measures. The table reports the actual number of shares based on he 128.4% achievement of the performance measures.