SEC Form 4 · accession 0001209191-18-006411
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michel Combes
Officer — President & CFO · Director
Period of report
Jan 30, 2018
Accepted (ET)
Feb 1, 2018 · 2:53 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 StockF1,F2 | Jan 30, 2018 | A | 131,810 | $0.00 | A | 131,810 | D | |
| Common StockF1,F3 | Jan 30, 2018 | A | 219,684 | $0.00 | A | 351,494 | D | |
| Common StockF1,F4,F5 | Jan 30, 2018 | A | 3,000,000 | $0.00 | A | 3,351,494 | 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 | $5.29 | Jan 30, 2018 | A | 199,203 | A | — | Jan 30, 2028 | Common Stock | 199,203 | 199,203 | 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 January 30, 2018 through May 31, 2021 (the "Performance Period) and, if achievement is met, vest 100% on May 31, 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 $8.00.
- F5Includes 3,351,494 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.