SEC Form 4 · accession 0001209191-17-062665
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jorge Enrique Gracia
Officer — Chief Legal Officer
Period of report
Nov 27, 2017
Accepted (ET)
Nov 28, 2017 · 2:18 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 Stock | Nov 27, 2017 | M | 40,561 | $2.84 | A | 858,383 | D | |
| Common Stock | Nov 27, 2017 | M | 72,398 | $3.44 | A | 930,781 | D | |
| Common StockF3,F4 | Nov 27, 2017 | S | 112,959 | $6.176 | D | 817,822 | 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 | $2.84 | Nov 27, 2017 | M | 40,561 | D | — | Feb 3, 2026 | Common Stock | 40,561 | 20,281 | D |
| Non-Qualified Stock Option (right to buy)F6 | $3.44 | Nov 27, 2017 | M | 72,398 | D | — | May 13, 2026 | Common Stock | 72,398 | 144,797 | D |
Explanation of responses
- F1The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 9, 2017, and amended on November 10, 2017.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 9, 2017, and amended on November 10, 2017.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.11 to $6.19, inclusive. The reporting person undertakes to provide to Sprint Corporation, any security holder of Sprint Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.
- F4Includes 817,822 restricted stock units which are subject to forfeiture until they vest.
- F5Stock options vest/vested 33 1/3% on each of May 20, 2016, May 20, 2017 and May 20, 2018.
- F6Stock options vest 33 1/3% on each of May 13, 2017, May 13, 2018 and May 13, 2019.