SEC Form 4 · accession 0001209191-15-080741
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald D Fisher
Director
Period of report
Nov 15, 2015
Accepted (ET)
Nov 17, 2015 · 7:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000101830
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 15, 2015 | M | 711,627 | $0.00 | A | 1,016,477 | D | |
| Common Stock | Nov 15, 2015 | J | 300,249 | $4.18 | D | 716,228 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | Nov 15, 2015 | M | 711,627 | A | — | — | Common Stock | 711,627 | 2,134,881 | D |
Explanation of responses
- F1On March 17, 2014, Galaxy Investment Holdings, Inc. ("Galaxy"), a U.S. wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"), granted to Mr. Fisher an award of restricted stock units (the "RSUs") for 2,846,508 shares of the common stock of Sprint Corporation, par value $0.01 per share (the "Sprint Common Stock"), owned by Galaxy. The RSUs vest in four equal installments beginning on November 15, 2015, subject to the terms of the RSU award agreement. Each RSU represents a contingent right for Mr. Fisher to receive one share of Sprint Common Stock or, in the sole discretion of Galaxy, a cash payment in lieu of all or a portion thereof. RSUs in respect of 711,627 shares vested on November 15, 2015, of which 300,249 were settled in cash and 411,378 were settled in shares of Sprint Common Stock. Such cash was withheld to satisfy tax withholding obligations.
- F2The amount reported in column 4 represents shares of Sprint Common Stock deemed reacquired by Galaxy from Mr. Fisher in respect of the RSUs settled in cash.