BETHUNE GORDON M 4
4 · SPRINT Corp · Filed Apr 2, 2020
Insider Transaction Report
Form 4
BETHUNE GORDON M
Director
Transactions
- Disposition to Issuer
Common Stock
2020-04-01−336,738→ 0 total - Exercise/Conversion
Common Stock
2020-04-01+11,171→ 336,738 total - Exercise/Conversion
Share Unit DDFP
2020-04-01−11,171→ 0 totalExercise: $0.00→ Common Stock (11,171 underlying)
Footnotes (2)
- [F1]These share units were acquired in connection with a prior merger transaction. The Issuer share units were acquired based on a conversion formula that was dependent on the trading prices of Issuer common stock for the applicable reference period.
- [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) 86,470 shares of Issuer common stock exchanged for 8,868 shares of T-Mobile common stock; and (ii) 250,268 RSUs that were automatically converted into 25,668 RSUs of T-Mobile. The vesting of the RSUs was accelerated upon the Reporting Person's cessation of board service following the effective time of the Merger. Shares of T-Mobile common stock had a market value of $85.13 per share on the effective date of the Merger.