SEC Form 4 · accession 0001597033-16-000117
Sabre Corp · SABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander S Alt
Officer — President & GM of SHS
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 4:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001597033
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 28, 2016 | M | 4,200 | $9.17 | A | 21,391 | D | |
| Common StockF2 | Jan 28, 2016 | S | 3,304 | $24.9272 | D | 18,087 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Purchase Common StockF3 | $9.17 | Jan 28, 2016 | M | 4,200 | D | — | May 15, 2022 | Common Stock | 4,200 | 37,988 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on February 27, 2015.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.61 to $25.40, inclusive. The reporting person undertakes to provide to Sabre Corporation, any security holder of Sabre 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 ranges set forth in this footnote to this Form 4.
- F3The options to purchase 100,000 shares of common stock vest and become exercisable as to 25% of the shares of common stock subject to each such option on the first anniversary of the date of grant of May 12, 2012 and as to 4.6875% of such shares at the end of each successive three-month period thereafter, subject to Mr. Alt's continued employment through each vesting date.