SEC Form 4 · accession 0001597033-17-000028
Sabre Corp · SABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander S Alt
Officer — Executive Vice President
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 4:21 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 Stock | Feb 15, 2017 | M | 1,563 | $9.97 | A | 29,368 | D | |
| Common Stock | Feb 15, 2017 | M | 4,687 | $9.17 | A | 34,055 | D | |
| Common StockF2 | Feb 15, 2017 | S | 6,250 | $21.8102 | D | 27,805 | 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 | Feb 15, 2017 | M | 1,563 | D | — | Feb 11, 2023 | Common Stock | 1,563 | 0 | D |
| Options to Purchase Common StockF4 | $9.17 | Feb 15, 2017 | M | 4,687 | D | — | May 15, 2022 | Common Stock | 4,687 | 4,688 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on August 3, 2016.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.69 to $ 21.99, inclusive. The reporting person undertakes to provide to SabreCorporation, 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 theranges set forth in this footnote to this Form 4.
- F3The options to purchase shares of common stock of Sabre Corporation are fully vested and immediately exercisable.
- F4The 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 4.6875% 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.