SEC Form 4 · accession 0001597033-16-000190
Sabre Corp · SABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William G Robinson Jr.
Officer — Executive Vice President
Period of report
Apr 19, 2016
Accepted (ET)
Apr 20, 2016 · 4:12 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 | Apr 19, 2016 | M | 50,000 | $14.01 | A | 125,643 | D | |
| Common StockF2 | Apr 19, 2016 | S | 50,000 | $28.5543 | D | 75,643 | 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 | $14.01 | Apr 19, 2016 | M | 50,000 | D | — | Dec 16, 2023 | Common Stock | 50,000 | 146,337 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person effective November 6, 2015.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.33 to $28.79, 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 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 of December 16, 2013 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.