SEC Form 4 · accession 0001209191-17-035767
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yuriko Ishihara
Officer — Chief Strategy Officer
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 2:50 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 | 12,411 | $0.00 | A | 12,411 | D | |
| Common StockF1,F3 | May 24, 2017 | A | 20,686 | $0.00 | A | 33,097 | D | |
| Common StockF1,F4,F5 | May 24, 2017 | A | 162,500 | $0.00 | A | 195,597 | 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 | $8.17 | May 24, 2017 | A | 15,590 | A | — | May 24, 2027 | Common Stock | 15,590 | 15,590 | 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.
- F4These restricted stock units are subject to achievement of specified Company common stock prices during the period May 24, 2017 through March 31, 2021 (the "Performance Period) and, if achievement is met, vest 50% on May 24, 2021 and 50% on May 24, 2022. 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 $13.75.
- F5Includes 195,597 restricted stock units which are subject to forfeiture until they vest.
- F6Stock options vest 33 1/3% on each of May 24, 2018, May 24, 2019 and May 24, 2020.