SEC Form 4 · accession 0001209191-18-033343
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Crull
Officer — Chief Strategy Officer
Period of report
May 23, 2018
Accepted (ET)
May 25, 2018 · 10:54 am 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 23, 2018 | A | 179,533 | $0.00 | A | 3,434,872 | D | |
| Common StockF1,F3 | May 23, 2018 | A | 179,533 | $0.00 | A | 3,614,405 | D | |
| Common StockF4,F5 | May 24, 2018 | F | 10,485 | $5.16 | D | 3,603,920 | D |
Table II — derivative securities
No Table II lines on this filing.
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 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 23, 2021, subject to achievement of the performance-based vesting conditions.
- F3These restricted stock units vest 33 1/3% on each of May 23, 2019, May 23, 2020 and May 23, 2021.
- F4Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of restricted stock units.
- F5Includes 3,410,020 restricted stock units which are subject to forfeiture until they vest.