SEC Form 4 · accession 0001209191-17-029907
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nestor Cano
Officer — Chief Operating Officer
Period of report
May 2, 2017
Accepted (ET)
May 4, 2017 · 11:25 am 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 | May 2, 2017 | A | 2,675 | $0.00 | A | 2,000,455 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These 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.
- F2Pursuant to the terms and conditions of the company's 2016 long-term incentive compensation plan, the company's actual results exceeded the established financial objectives resulting in an earn-out of 138.76% allocated to the first annual performance period. These restricted stock units vest 100% on May 13, 2019.
- F3Includes 1,903,609 restricted stock units which are subject to forfeiture until they vest.