SEC Form 4 · accession 0001597033-17-000071
Sabre Corp · SABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Simonson
Officer — Executive Vice President, CFO
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 6:34 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 StockF1 | Mar 15, 2017 | A | 126,399 | $0.00 | A | 318,464 | D | |
| Common Stock | Mar 15, 2017 | F | 53,026 | $22.04 | D | 265,438 | 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 | $22.01 | Mar 15, 2017 | A | 96,749 | A | — | Mar 15, 2027 | Common Stock | 96,749 | 96,749 | D |
Explanation of responses
- F1Represents performance-based restricted share units that have vested and are paid out in shares of common stock. 75,000 shares are from a grant dated 3/11/2013, 14,613 shares are from a grant dated 4/17/2014, 18,169 shares are from a grant dated 3/13/2015, and 18,617 shares are from a grant dated 3/15/2016.
- F2This 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.
- 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 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.