SEC Form 4 · accession 0001209191-17-035763
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Crull
Officer — President, OmniChannel Sales
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 2:47 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 24, 2017 | A | 70,922 | $0.00 | A | 3,195,126 | D | |
| Common StockF1,F3,F4 | May 24, 2017 | A | 118,203 | $0.00 | A | 3,313,329 | 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)F5 | $8.17 | May 24, 2017 | A | 89,087 | A | — | May 24, 2027 | Common Stock | 89,087 | 89,087 | D |
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.
- F2These restricted stock units vest 33 1/3% on each of May 24, 2018, May 24, 2019 and May 24, 2020.
- 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 24, 2020, subject to achievement of the performance-based vesting conditions.
- F4Includes 3,313,329 restricted stock units which are subject to forfeiture until they vest.
- F5Stock options vest 33 1/3% on each of May 24, 2018, May 24, 2019 and May 24, 2020.