SPRINT CORP 4
4 · SPRINT CORP · Filed Feb 10, 2005
Insider Transaction Report
Form 4
SPRINT CORPFON
BLESSING WILLIAM R
SVP-Corporate Strategy &
Transactions
- Award
FON Common Stock
2005-02-08+10,691→ 107,563 total - Award
Non-Qualified Stock Option (right to buy)
2005-02-08+28,353→ 28,353 totalExercise: $26.75Exp: 2015-02-08→ FON Common Stock (28,353 underlying)
Holdings
- 2,321(indirect: By 401(k))
FON Common Stock
- 14,560(indirect: By Spouse)
FON Common Stock
Footnotes (4)
- [F1]These share units are issued under Sprint's 1997 Long-Term Stock Incentive Program. Each unit represents the right to receive one share of the underlying security at a date in the future, unless the reporting person elects to have the underlying security delivered at a later delivery date.
- [F2]These restricted stock units vest 100% on the third anniversary of the grant date but are subject to forfeiture in the event financial objectives relating to enterprise economic value added are not achieved during 2005.
- [F3]The exercise price of this premium-priced option is equal to 110% of the fair market value on the grant date.
- [F4]These options become exercisable at the rate of 25% of the number of shares granted on each of the first four anniversaries of the grant date.