MICHAEL IRIZARRY - 01 Apr 2022 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role
EVP-CTO
Signature
Julie D. Mathews, by power of atty
Issuer symbol
USM
Transactions as of
01 Apr 2022
Net transactions value
-$387,036
Form type
4
Filing time
05 Apr 2022, 09:25:44 UTC
Next filing
06 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USM Common Shares Options Exercise $0 +17,045 $0.000000 17,045 01 Apr 2022 Direct F1
transaction USM Common Shares Options Exercise $0 +16,238 +95% $0.000000 33,283 01 Apr 2022 Direct F2
transaction USM Common Shares Tax liability $387,036 -12,326 -37% $31.40 20,957 01 Apr 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USM Restricted Stock Units Options Exercise $0 -17,045 -100% $0.000000* 0 01 Apr 2022 Common Shares 17,045 $0.000000 Direct F1
transaction USM Performance Share Units Options Exercise $0 -16,238 -100% $0.000000* 0 01 Apr 2022 Common Shares 16,238 Direct F2
transaction USM Restricted Stock Units Award $0 +27,419 $0.000000 27,419 04 Apr 2022 Common Shares 27,419 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units that were awarded on April 1, 2019 under the United States Cellular Corporation Long-Term Incentive Plan.
F2 Vesting of performance share units granted on April 1, 2019. Performance share units were adjusted for performance and became time based on March 16, 2020.
F3 Shares withheld to pay for taxes
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.