4//SEC Filing
CANO NESTOR 4
Accession 0000925421-20-000160
CIK 0000101830other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 7:01 PM ET
Size
12.1 KB
Accession
0000925421-20-000160
Insider Transaction Report
Form 4
CANO NESTOR
Chief Operating Officer
Transactions
- Award
Common Stock
2020-03-31+10,881→ 2,322,718 total - Disposition to Issuer
Common Stock
2020-04-01−2,322,718→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−72,383→ 0 totalExercise: $8.17Exp: 2027-05-24→ Common Stock (72,383 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−39,139→ 0 totalExercise: $8.53Exp: 2027-02-02→ Common Stock (39,139 underlying)
Footnotes (4)
- [F1]Pursuant to the terms and conditions of the Issuer's 2017 long-term incentive compensation plan, the Issuer's actual results exceeded the established financial objectives resulting in an earn-out of 111.33% allocated to the three-year performance period. These restricted stock units vest 100% on May 24, 2020.
- [F2]Disposed of pursuant to merger agreement under which a wholly owned subsidiary of T-Mobile US, Inc. ("T-Mobile") merged with and into Issuer, with Issuer continuing as the surviving corporation and a wholly owned subsidiary of T-Mobile (the "Merger"). Includes (i) 793,882 shares of Issuer common stock exchanged for 81,420 shares of T-Mobile common stock; (ii) 401,044 time-based restricted stock units ("RSUs") that were automatically converted into 41,132 RSUs of T-Mobile, on the same terms and conditions as the existing awards; and (iii) 1,127,792 performance-based RSUS that were automatically converted into 115,667 RSUs of T-Mobile, on the same terms and conditions as the existing awards (other than performance-based vesting conditions). T-Mobile common stock had a market value of $85.13 per share on the effective date of the Merger.
- [F3]This option was assumed by T-Mobile in the Merger and replaced with an option to purchase 4,014 shares of T-Mobile common stock for $83.18 per share. The option was fully vested at the time of the Merger.
- [F4]This option, which provided for vesting in three equal annual installments beginning May 24, 2018, was assumed by T-Mobile in the Merger and replaced with an option to purchase 7,423 shares of T-Mobile common stock for $79.67 per share.
Documents
Issuer
SPRINT Corp
CIK 0000101830
Entity typeother
Related Parties
1- filerCIK 0001253031
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 7:01 PM ET
- Size
- 12.1 KB