Malloy William M 4
4 · SPRINT NEXTEL CORP · Filed Feb 24, 2012
Insider Transaction Report
Form 4
Malloy William M
Chief Marketing Officer
Transactions
- Award
Common Stock
2012-02-22+160,714→ 225,714 total - Award
Non-Qualified Stock Option (right to buy)
2012-02-22+208,696→ 208,696 totalExercise: $2.23Exp: 2022-02-22→ Common Stock (208,696 underlying)
Footnotes (4)
- [F1]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 22, 2015, subject to achievement of the performance-based vesting conditions.
- [F2]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.
- [F3]Includes 225,714 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.