GRACIA JORGE ENRIQUE 4
4 · SPRINT Corp · Filed Apr 2, 2020
Insider Transaction Report
Form 4
GRACIA JORGE ENRIQUE
SVP & General Counsel
Transactions
- Disposition to Issuer
Common Stock
2020-04-01−720,269→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−53,452→ 0 totalExercise: $8.17Exp: 2027-05-24→ Common Stock (53,452 underlying) - Award
Common Stock
2020-03-31+8,035→ 720,269 total
Footnotes (3)
- [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) 354,900 time-based restricted stock units ("RSUs") that were automatically converted into 36,399 RSUs of T-Mobile, on the same terms and conditions as the existing awards; and (ii) 365,369 performance-based RSUS that were automatically converted into 37,473 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.
- [F3]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 5,482 shares of T-Mobile common stock for $79.67 per share.