SCHIEBER PAUL W JR 4
4 · SPRINT Corp · Filed Apr 2, 2020
Insider Transaction Report
Form 4
SCHIEBER PAUL W JR
Vice President & Controller
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−13,363→ 0 totalExercise: $8.17Exp: 2027-05-24→ Common Stock (13,363 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−36,200→ 0 totalExercise: $3.44Exp: 2026-05-13→ Common Stock (36,200 underlying) - Award
Common Stock
2020-03-31+2,009→ 183,438 total - Disposition to Issuer
Common Stock
2020-04-01−183,438→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−29,521→ 0 totalExercise: $8.99Exp: 2024-05-20→ Common Stock (29,521 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−18,692→ 0 totalExercise: $4.70Exp: 2025-05-20→ Common Stock (18,692 underlying)
Footnotes (6)
- [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) 230 shares of Issuer common stock exchanged for 23 shares of T-Mobile common stock; (ii) 74,039 time-based restricted stock units ("RSUs") that were automatically converted into 7,594 RSUs of T-Mobile, on the same terms and conditions as the existing awards; and (iii) 109,169 performance-based RSUS that were automatically coverted into 11,197 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 was assumed by T-Mobile in the Merger and replaced with an option to purchase 3,027 shares of T-Mobile common stock for $87.66 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 1,370 shares of T-Mobile common stock for $79.67 per share.
- [F5]This option was assumed by T-Mobile in the Merger and replaced with an option to purchase 3,712 shares of T-Mobile common stock for $33.55 per share. The option was fully vested at the time of the Merger.
- [F6]This option was assumed by T-Mobile in the Merger and replaced with an option to purchase 1,917 shares of T-Mobile common stock for $45.83 per share. The option was fully vested at the time of the Merger.