SEC Form 4 · accession 0001597033-16-000160
Sabre Corp · SABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh W Jones
Officer — Executive Vice President
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 4:39 pm EDT
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 StockF1 | Mar 15, 2016 | A | 28,181 | $0.00 | A | 111,980 | D | |
| Common Stock | Mar 15, 2016 | F | 11,824 | $27.79 | D | 100,156 | D | |
| Common Stock | Mar 16, 2016 | M | 76,350 | $3.00 | A | 176,506 | D | |
| Common StockF4 | Mar 16, 2016 | S | 76,350 | $27.524 | D | 100,156 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF5 | $27.79 | Mar 15, 2016 | A | 53,619 | A | — | Mar 15, 2026 | Common Stock | 53,619 | 53,619 | D |
| Options to Purchase Common StockF6 | $3.00 | Mar 16, 2016 | M | 76,350 | D | — | Mar 31, 2019 | Common Stock | 76,350 | 362,250 | D |
Explanation of responses
- F1Represents performance-based restricted share units that have vested and are paid out in shares of common stock. 5,000 shares are from a grant dated 12/3/2012, 9,555 shares are from a grant dated 4/17/2014 and 13,626 shares are from a grant dated 3/13/2015.
- F2This transaction represents the automatic surrender of shares to the issuer upon vesting of performance-based restricted shares units to satisfy the reporting person's tax withholding obligations.
- F3This transaction was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on February 25, 2015.
- F4The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.36 to $27.81, 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.
- F5The options vest and become exercisable as to 25% of the shares of Common Stock of the Issuer subject to each such option on the first anniversary of the date of grant and as to 6.25% of such shares at the end of each successive three-month period thereafter, subject to the reporting person's continued employment with the Issuer through each vesting date.
- F6The options to purchase shares of Common Stock of the Issuer are fully vested and immediately exercisable.