SEC Form 4 · accession 0001209191-16-120679
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Hackl
Officer — Chief Experience Officer
Period of report
May 13, 2016
Accepted (ET)
May 17, 2016 · 2:34 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 | 33,708 | $0.00 | A | 33,708 | D | |
| Common StockF3,F2 | May 13, 2016 | A | 67,416 | $0.00 | A | 101,124 | D | |
| Common StockF4,F2,F5 | May 13, 2016 | A | 312,500 | $0.00 | A | 413,624 | 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)F6 | $3.44 | May 13, 2016 | A | 108,597 | A | — | May 13, 2026 | Common Stock | 108,597 | 108,597 | 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.
- F4These restricted stock units are subject to achievement of specified Company common stock prices during the period May 13, 2016 through May 31, 2019 (the "Performance Period) and, if achievement is met, vest 50% on May 13, 2020 and 50% on May 13, 2021. Achievement varies from 0% to 120%, and in order to earn 100%, the volume-weighted average price over any consecutive 150-calendar days during the Performance Period must be at least $8.00.
- F5Includes 413,624 restricted stock units which are subject to forfeiture until they vest.
- F6Stock options vest 33 1/3% on each of May 13, 2017, May 13, 2018 and May 13, 2019.