SPRINT Corp 4
4 · SPRINT Corp · Filed Nov 17, 2015
Insider Transaction Report
Form 4
FISHER RONALD D
Director
Transactions
- Exercise/Conversion
Common Stock
2015-11-15+711,627→ 1,016,477 total - Other
Common Stock
2015-11-15$4.18/sh−300,249$1,255,041→ 716,228 total - Exercise/Conversion
Restricted Stock Unit
2015-11-15+711,627→ 2,134,881 total→ Common Stock (711,627 underlying)
Footnotes (2)
- [F1]On March 17, 2014, Galaxy Investment Holdings, Inc. ("Galaxy"), a U.S. wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"), granted to Mr. Fisher an award of restricted stock units (the "RSUs") for 2,846,508 shares of the common stock of Sprint Corporation, par value $0.01 per share (the "Sprint Common Stock"), owned by Galaxy. The RSUs vest in four equal installments beginning on November 15, 2015, subject to the terms of the RSU award agreement. Each RSU represents a contingent right for Mr. Fisher to receive one share of Sprint Common Stock or, in the sole discretion of Galaxy, a cash payment in lieu of all or a portion thereof. RSUs in respect of 711,627 shares vested on November 15, 2015, of which 300,249 were settled in cash and 411,378 were settled in shares of Sprint Common Stock. Such cash was withheld to satisfy tax withholding obligations.
- [F2]The amount reported in column 4 represents shares of Sprint Common Stock deemed reacquired by Galaxy from Mr. Fisher in respect of the RSUs settled in cash.