Deirdre Drake - Apr 1, 2022 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Signature
Julie D. Mathews, by power of atty
Stock symbol
USM
Transactions as of
Apr 1, 2022
Transactions value $
-$216,032
Form type
4
Date filed
4/5/2022, 09:29 AM
Next filing
Aug 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USM Common Shares Options Exercise $0 +11.7K $0.00 11.7K Apr 1, 2022 Direct F1
transaction USM Common Shares Options Exercise $0 +11.2K +95.26% $0.00 22.9K Apr 1, 2022 Direct F2
transaction USM Common Shares Tax liability -$216K -6.88K -30.09% $31.40 16K Apr 1, 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 -11.7K -100% $0.00* 0 Apr 1, 2022 Common Shares 11.7K $0.00 Direct F1
transaction USM Performance Shares Units Options Exercise $0 -11.2K -100% $0.00* 0 Apr 1, 2022 Common Shares 11.2K Direct F2
transaction USM Restricted Stock Units Award $0 +20.3K $0.00 20.3K Apr 4, 2022 Common Shares 20.3K $0.00 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 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.