SEC Form 4 · accession 0001597033-16-000327
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
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 4:26 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 StockF1 | Dec 15, 2016 | A | 44,239 | $0.00 | A | 92,693 | D | |
| Common Stock | Dec 16, 2016 | M | 3,235 | $16.68 | A | 95,928 | D | |
| Common Stock | Dec 16, 2016 | M | 18,521 | $14.01 | A | 114,449 | D | |
| Common StockF3 | Dec 16, 2016 | S | 21,756 | $25.3152 | D | 92,693 | 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 StockF4 | $16.68 | Dec 16, 2016 | M | 3,235 | D | — | Apr 17, 2024 | Common Stock | 3,235 | 16,175 | D |
| Options to Purchase Common StockF5 | $14.01 | Dec 16, 2016 | M | 18,521 | D | — | Dec 16, 2023 | Common Stock | 18,521 | 24,085 | D |
Explanation of responses
- F1The Reporting Person received a grant of restricted stock units on the transaction date. The restricted stock unit award vests as to 100% of the shares of common stock subject to the award at the end ofthe three-year period following the grant date, subject to the reporting person's continued employment with the Issuer through the vesting date.
- F2This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on August 3, 2016.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.23 to $25.44, 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.
- F4The options vest and become exercisable as to 25% of the shares of common stock, par value $0.01 per share (the "Common Stock") subject to each such option on March 15, 2015 and as to 6.25% of such shares of Common Stock at the end of each successive three-month period thereafter, subject to the Reporting Person's continued employment through each vesting date.
- F5The options 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 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 through each vesting date.