Sec Form 4 Filing - Draper Dow @ SPRINT Corp - 2017-02-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Draper Dow
2. Issuer Name and Ticker or Trading Symbol
SPRINT Corp [ S]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President Sprint Prepaid Group
(Last) (First) (Middle)
6200 SPRINT PARKWAY
3. Date of Earliest Transaction (MM/DD/YY)
02/02/2017
(Street)
OVERLAND PARK, KS66251
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/02/2017 A 20,930 ( 1 ) A $ 0 ( 2 ) 313,593 D
Common Stock 02/02/2017 A 625,000 ( 3 ) A $ 0 ( 2 ) 938,593 D
Common Stock 02/02/2017 A 41,860 ( 4 ) A $ 0 ( 2 ) 980,453 ( 5 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 8.53 02/02/2017 A 79,121 ( 6 ) 02/02/2027 Common Stock 79,121 $ 0 79,121 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Draper Dow
6200 SPRINT PARKWAY
OVERLAND PARK, KS66251
President Sprint Prepaid Group
Signatures
/s/ Stefan K. Schnopp Attorney-in-Fact 02/06/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These restricted stock units vest 100% on May 13, 2019.
( 2 )These restricted stock units are issued under Sprint Corporation's Amended and Restated 2015 Omnibus Incentive Plan. Each unit represents the right to receive one share of the underlying security at a date in the future.
( 3 )These restricted stock units are subject to achievement of specified Company common stock prices during the period September 21, 2016 through May 31, 2019 (the "Performance Period) and, if achievement is met, vest 50% on September 21, 2020 and 50% on September 21, 2021. Achievement varies from 0% to 120%, and in order to earn 100%, the volume-weighted average price over any consecutive 150-calendar days during the Performance Period must be at least $8.00.
( 4 )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 May 13, 2019, subject to achievement of the performance-based vesting conditions.
( 5 )Includes 923,629 restricted stock units which are subject to forfeiture until they vest.
( 6 )Stock options vest 33 1/3% on each of May 13, 2017, May 13, 2018 and May 13, 2019.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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