CLAURE RAUL MARCELO 4
4 · SPRINT Corp · Filed Apr 2, 2020
Insider Transaction Report
Form 4
CLAURE RAUL MARCELO
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−2,949,077→ 0 totalExercise: $5.62Exp: 2024-08-18→ Common Stock (2,949,077 underlying) - Disposition to Issuer
Common Stock
2020-04-01−16,890,936→ 0 total
Footnotes (2)
- [F1]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) 11,890,936 shares of Issuer common stock exchanged for 1,219,534 shares of T-Mobile common stock; and (ii) 5,000,000 performance-based RSUs that were automatically converted into 512,800 RSUs of T-Mobile, on the same terms and conditions as the existing awards (other than performance-based vesting conditions). Shares of T-Mobile common stock had a market value of $85.13 per share on the effective date of the Merger.
- [F2]This option was assumed by T-Mobile in the Merger and replaced with an option to purchase 302,457 shares of T-Mobile common stock for $54.80 per share. The option was fully vested at the time of the Merger.