SEC Form 4 · accession 0001209191-16-120678
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Sole-Rafols
Officer — Chief Marketing Officer
Period of report
May 13, 2016
Accepted (ET)
May 17, 2016 · 2:33 pm EDT
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,F2 | May 13, 2016 | A | 40,449 | $0.00 | A | 1,385,498 | D | |
| Common StockF3,F2,F4 | May 13, 2016 | A | 80,899 | $0.00 | A | 1,466,397 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $3.44 | May 13, 2016 | A | 130,317 | A | — | May 13, 2026 | Common Stock | 130,317 | 130,317 | D |
Explanation of responses
- F1These restricted stock units vest 100% on May 13, 2019.
- F2These restricted stock units are issued under Sprint Corporation's 2015 Omnibus Incentive Plan. Each unit represents the right to receive one share of the underlying security at a date in the future.
- F3These restricted stock units are subject to performance-based vesting conditions based on the company's actual results compared to financial objectives established under the long-term incentive compensation plan, and vest 100% on May 13, 2019, subject to achievement of the performance-based vesting conditions.
- F4Includes 1,466,397 restricted stock units which are subject to forfeiture until they vest.
- F5Stock options vest 33 1/3% on each of May 13, 2017, May 13, 2018 and May 13, 2019.