Virgin Mobile USA, Inc. 4
4 · Virgin Mobile USA, Inc. · Filed Nov 25, 2009
Insider Transaction Report
Form 4
Sprint Ventures, Inc.
10% Owner
Transactions
- Other
Class B Common Stock
2009-11-24−1→ 0 total - Other
Exchangeable Limited Partnership Units
2009-11-24−0→ 0 total→ Class A Common Stock (12,058,626 underlying)
Footnotes (2)
- [F1]The reporting person's share of Class B common stock was cancelled in a merger (the "Merger") of Sprint Mozart, Inc. ("Merger Sub"), a wholly owned subsidiary of Sprint Nextel Corporation ("Sprint Nextel"), with and into Virgin Mobile USA, Inc. (the "Issuer") on November 24, 2009 pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 27, 2009, by and among Sprint Nextel, Merger Sub and the Issuer. The reporting person is a wholly owned subsidiary of Sprint Nextel.
- [F2]Prior to the consummation of the Issuer's initial public offering (the "IPO"), Virgin Mobile USA, LLC ("VMU") converted into a Delaware limited partnership, Virgin Mobile USA, L.P., which became an indirect, majority-owned subsidiary of the Issuer. As a result of this conversion, the reporting person's remaining limited liability company interests in VMU were converted into a limited partnership interest in Virgin Mobile USA, L.P., which interest was exchangeable for 12,058,626 shares of Class A common stock of the Issuer. Upon consummation of the Merger, the exchangeable limited partnership units are no longer exchangeable for shares of Class A common stock of the Issuer.