Bowman Danny L 4
4 · SPRINT NEXTEL CORP · Filed Feb 25, 2011
Insider Transaction Report
Form 4
Bowman Danny L
President-IDEN
Transactions
- Award
Common Stock
2011-02-23+54,054→ 184,672 total - Award
Non-Qualified Stock Option (right to buy)
2011-02-23+78,049→ 78,049 totalExercise: $4.20Exp: 2021-02-23→ Common Stock (78,049 underlying)
Footnotes (4)
- [F1]These restricted stock units are issued under Sprint Nextel's 2007 Omnibus Incentive Plan. Each unit represents the right to receive one share of the underlying security at a date in the future.
- [F2]These restricted stock units are subject to performance-based vesting conditions based on the company's actual results compared to financial objectives established under the long-term incentive compensation plan, and vest 100% on February 23, 2014, subject to achievement of the performance-based vesting conditions.
- [F3]Includes 114,719 restricted stock units, which are subject to forfeiture until they vest.
- [F4]These options become exercisable at the rate of 33 1/3% of the number of shares granted on each of the first three anniversaries of the grant date.