SEC Form 4 · accession 0001597033-16-000172
Sabre Corp · SABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory T Webb
Officer — Vice Chairman
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 4:50 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 Stock | Mar 15, 2016 | M | 51,002 | $3.00 | A | 114,102 | D | |
| Common StockF2 | Mar 15, 2016 | S | 51,002 | $27.7972 | D | 63,100 | D | |
| Common StockF3 | Mar 15, 2016 | A | 30,262 | $0.00 | A | 93,362 | D | |
| Common Stock | Mar 15, 2016 | F | 12,696 | $27.79 | D | 80,666 | 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 StockF5 | $3.00 | Mar 15, 2016 | M | 51,002 | D | — | Mar 31, 2019 | Common Stock | 51,002 | 2,009 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on March 2, 2015.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.48 to $27.99, 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.
- F3Represents performance-based restricted share units that have vested and are paid out in shares of common stock. 9,375 shares are from a grant dated 12/03/2012, 11,803 shares are from a grant dated 4/17/2014 and 9,084 shares are from a grant dated 3/13/15.
- F4This 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.
- F5The options to purchase shares of common stock, par value $0.01 per share (the "Common Stock") of Sabre Corporation are fully vested and immediately exercisable.