SEARS MICHAEL M 4
4 · SPRINT CORP · Filed Aug 13, 2003
Insider Transaction Report
Form 4
SPRINT CORPPCS
SEARS MICHAEL M
Director
Transactions
- Award
Share Units
2003-08-11$5.33/sh+1,575$8,387→ 9,175 total→ PCS Common Stock (1,575 underlying)
Footnotes (2)
- [F1]Share units are issued under the Issuer's Directors' Deferred Fee Plan (the "Plan") and are convertible into an amount of cash equal to the value of the Issuer's PCS common stock upon the reporting person's retirement, death, or termination of office in accordance with the terms of the Plan.
- [F2]These share units vest 50% on May 13, 2008; and 10% per year on each of May 13, 2009, May 13, 2010, May 13, 2011, May 13, 2012 and May 13, 2013.