4//SEC Filing
SAW JOHN 4
Accession 0000925421-20-000187
CIK 0000101830other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 8:08 PM ET
Size
12.1 KB
Accession
0000925421-20-000187
Insider Transaction Report
Form 4
SAW JOHN
Chief Network Officer
Transactions
- Award
Common Stock
2020-03-31+6,931→ 826,529 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−46,102→ 0 totalExercise: $8.17Exp: 2027-05-24→ Common Stock (46,102 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-04-01−113,165→ 0 totalExercise: $8.99Exp: 2024-05-20→ Common Stock (113,165 underlying) - Disposition to Issuer
Common Stock
2020-04-01−826,529→ 0 total
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) 332,822 time-based restricted stock units ("RSUs") that were automatically converted into 34,135 RSUs of T-Mobile, on the same terms and conditions as the existing awards; and (ii) 493,707 performance-based RSUS that were automatically coverted into 50,635 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 4,728 shares of T-Mobile common stock for $79.67 per share.
- [F4]This option was assumed by T-Mobile in the Merger and replaced with an option to purchase 11,606 shares of T-Mobile common stock for $87.66 per share. The option was fully vested at the time of the Merger.
Documents
Issuer
SPRINT Corp
CIK 0000101830
Entity typeother
Related Parties
1- filerCIK 0001260951
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 8:08 PM ET
- Size
- 12.1 KB