SEC Form 4 · accession 0001209191-17-007999
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dow Draper
Officer — President Sprint Prepaid Group
Period of report
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 12:40 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,F2 | Feb 2, 2017 | A | 20,930 | $0.00 | A | 313,593 | D | |
| Common StockF3,F2 | Feb 2, 2017 | A | 625,000 | $0.00 | A | 938,593 | D | |
| Common StockF4,F2,F5 | Feb 2, 2017 | A | 41,860 | $0.00 | A | 980,453 | 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 | $8.53 | Feb 2, 2017 | A | 79,121 | A | — | Feb 2, 2027 | Common Stock | 79,121 | 79,121 | D |
Explanation of responses
- F1These restricted stock units vest 100% on May 13, 2019.
- F2These restricted stock units are issued under Sprint Corporation's Amended and Restated 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 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%, 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.
- F4These 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.
- F5Includes 923,629 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.