SEC Form 4 · accession 0001597033-16-000209
Sabre Corp · SABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah Kerr
Officer — Executive Vice President
Period of report
May 20, 2016
Accepted (ET)
May 23, 2016 · 5:07 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 | May 20, 2016 | M | 45,000 | $9.97 | A | 163,885 | D | |
| Common StockF2 | May 20, 2016 | S | 45,000 | $28.0077 | D | 118,885 | 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 | $9.97 | May 20, 2016 | M | 45,000 | D | — | Mar 11, 2023 | Common Stock | 45,000 | 280,619 | 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 August 31, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.68 to $28.16, 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, par value $0.01 per share (the "Common Stock") of Sabre Corporation subject to each such option on the first anniversary of the date of grant (3/11/2013) and as to 6.25% of such shares at the end of each successive three-month period thereafter, subject to Ms. Kerr's continued employment through each vesting date.