SEC Form 4 · accession 0001209191-17-064353
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dow Draper
Officer — Chief Commercial Officer
Period of report
Dec 6, 2017
Accepted (ET)
Dec 7, 2017 · 12:09 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 | Dec 6, 2017 | M | 130,558 | $4.75 | A | 1,165,158 | D | |
| Common Stock | Dec 6, 2017 | M | 112,149 | $4.70 | A | 1,277,307 | D | |
| Common StockF1,F2 | Dec 6, 2017 | S | 292,707 | $5.705 | D | 984,600 | 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)F3 | $4.75 | Dec 6, 2017 | M | 130,558 | D | — | Dec 8, 2024 | Common Stock | 130,558 | 65,279 | D |
| Non-Qualified Stock Option (right to buy)F4 | $4.70 | Dec 6, 2017 | M | 112,149 | D | — | May 20, 2025 | Common Stock | 112,149 | 56,075 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.68 to $5.73, 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 (1) to this Form 4.
- F2Includes 894,445 restricted stock units which are subject to forfeiture until they vest.
- F3Stock options vest/vested 33 1/3% on each of December 8, 2015, December 8, 2016 and December 8, 2017.
- F4Stock options vest/vested 33 1/3% on each of May 20, 2016, May 20, 2017 and May 20, 2018.