SEC Form 4 · accession 0001209191-18-047727
SPRINT Corp · S
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Saw
Officer — Chief Technology Officer
Period of report
Aug 20, 2018
Accepted (ET)
Aug 21, 2018 · 2:43 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 Stock | Aug 20, 2018 | M | 71,651 | $4.70 | A | 1,333,982 | D | |
| Common Stock | Aug 20, 2018 | M | 62,443 | $3.44 | A | 1,396,425 | D | |
| Common StockF2,F3 | Aug 20, 2018 | S | 260,095 | $6.1405 | D | 1,136,330 | 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)F4 | $4.70 | Aug 20, 2018 | M | 71,651 | D | — | May 20, 2025 | Common Stock | 71,651 | 0 | D |
| Non-Qualified Stock Option (right to buy)F5 | $3.44 | Aug 20, 2018 | M | 62,443 | D | — | May 13, 2026 | Common Stock | 62,443 | 62,444 | D |
Explanation of responses
- F1The stock option exercises and sale of long shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 6, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.095 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 (2) to this Form 4.
- F3Includes 1,136,330 restricted stock units which are subject to forfeiture until they vest.
- F4Stock options are fully vested.
- F5Stock options vest/vested 33 1/3% on each of May 13, 2017, May 13, 2018 and May 13, 2019.