SEC Form 4 · accession 0001209191-16-150895
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, 2016
Accepted (ET)
Nov 17, 2016 · 4:39 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, 2016 | M | 711,627 | $0.00 | A | 1,508,761 | D | |
| Common Stock | Nov 15, 2016 | J | 315,958 | $7.74 | D | 1,192,803 | 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, 2016 | M | 711,627 | D | — | — | Common Stock | 711,627 | 1,423,254 | D |
Explanation of responses
- F1Represents the vesting of restricted stock units ("RSUs") for shares of the common stock of Sprint Corporation, par value $0.01 per share (the "Sprint Common Stock"), granted to Mr. Fisher by Galaxy Investment Holdings, Inc. ("Galaxy"), a U.S. wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"), on March 17, 2014. 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, 2016, of which 315,958 were settled in cash and 395,669 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.