SEC Form 4 · accession 0001209191-16-142570
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul W Schieber Jr.
Officer — Vice President & Controller
Period of report
Sep 21, 2016
Accepted (ET)
Sep 23, 2016 · 2:32 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,F3 | Sep 21, 2016 | A | 62,500 | $0.00 | A | 182,821 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These restricted stock units are subject to achievement of specified Company common stock prices during the period September 21, 2016 through May 31, 2019 (the "Performance Period) and, if achievement is met, vest 50% on September 21, 2020 and 50% on September 21, 2021. Achievement varies from 0% to 120% of target depending on the volume-weighted average price over any consecutive 150-calendar days during the Performance Period as follows: less than $7.00 = 0% of target, $7.00 = 25% of target, $7.50 = 50% of target, $8.00 = 100% of target, and $10.00 or greater = 120% of target.
- 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.
- F3Includes 182,591 restricted stock units which are subject to forfeiture until they vest.