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ARRAY DIGITAL INFRASTRUCTURE, INC. Director's Dealing 2020

Jan 15, 2020

31133_dirs_2020-01-15_c6b982da-b937-489f-a9f7-200dc872902f.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: 2019-12-31

Reporting Person: MEYERS KENNETH R (Director, President and CEO)

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 2965 Indirect
Common Shares 25771 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Deferred Compensation $ Common Shares (30669.0) 30669 Direct
Option (Right to Buy) $39.71 2023-07-31 Common Shares (125000.0) 125000 Direct
Option (Right to Buy) $45.87 2026-04-01 Common Shares (68766.0) 68766 Direct
Performance Share Units $ Common Shares (97013.0) 97013 Direct
Performance Share Units $ Common Shares (121818.0) 121818 Direct
Performance Share Units $ Common Shares (35396.0) 35396 Direct
Restricted Stock Units $ 2020-04-03 Common Shares (75543.0) 75543 Direct
Restricted Stock Units $ 2021-04-02 Common Shares (78420.0) 78420 Direct
Restricted Stock Units $ 2022-04-01 Common Shares (70791.0) 70791 Direct

Footnotes

F1: Voluntary reporting of shares in 401K plan. The information is based on a plan statement dated 12/31/19. The number of shares fluctuates and is attributable to the price of the USM shares on 12/31/19.

F2: 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 30,113 are vested.

F3: Became exercisable on June 22, 2019

F4: Reporting person was granted 206,300 options in 2016. Options vested in annual increments of one-third on April 1 of each year. Reporting person previously exercised 137,534.

F5: 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.

F6: The 2018 performance share units were granted on April 2, 2018, and become vested on April 2, 2021. The performance period ended on December 31, 2018 with a 155.3% achievement of certain performance measures. The table reports the actual number of shares based on he 155.3% achievement of the performance measures.

F7: On April 1, 2019 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 the number of shares subject to the award be less than 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 the 50% of the target opportunity.

F8: Restricted stock units that become vested on the third annual anniversary