SEC Form 4 · accession 0001597033-17-000098
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
Apr 27, 2017
Accepted (ET)
Apr 28, 2017 · 4:55 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 27, 2017 | M | 145,500 | $9.97 | A | 333,016 | D | |
| Common Stock | Apr 27, 2017 | M | 4,206 | $16.68 | A | 337,222 | D | |
| Common StockF2 | Apr 27, 2017 | S | 142,119 | $23.2394 | D | 195,103 | 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 | Apr 27, 2017 | M | 145,500 | D | — | Mar 11, 2023 | Common Stock | 145,500 | 255,000 | D |
| Options to Purchase Common StockF4 | $16.68 | Apr 27, 2017 | M | 4,206 | D | — | Apr 17, 2024 | Common Stock | 4,206 | 58,877 | D |
Explanation of responses
- F1This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on August 12, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.15 to $23.36, 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 to purchase shares of common stock of Sabre Corporation are fully vested and immediately exercisable.
- F4The options vested and became 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 vest as to 6.25% of such shares of Common Stock at the end of each successive three-month period thereafter, subject to Mr. Simonson's continued employment through each vesting date.