Spenchian Jay G 4
4 · UNITED STATES CELLULAR CORP · Filed Apr 4, 2018
Insider Transaction Report
Form 4
Spenchian Jay G
SVP of Marketing
Transactions
- Award
Performance Share Units
2018-04-02+4,997→ 4,997 totalExercise: $0.00→ Common Shares (4,997 underlying) - Award
Restricted Stock Units
2018-04-02+9,993→ 9,993 totalExercise: $0.00→ Common Shares (9,993 underlying)
Footnotes (2)
- [F1]On April 2, 2018, 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.
- [F2]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.