Cost Basis
As a service to our shareholders, Sprint enables access to the online NetBasis cost basis system offered by NetWorth Services Inc. Shareholders can use NetBasis to calculate the cost basis for their Sprint stock, adjusted for applicable corporate actions or dividend reinvestments. To use NetBasis, shareholders must provide the purchase/acquisition/sales dates and the number of shares acquired or sold on those dates. NetWorth Services charges users a fee for use of NetBasis, as detailed on the NetBasis website linked below.
For Employees Stock Purchase Plan (ESPP) historical purchase price information, see the Employee Ownership section below.
For questions about using NetBasis, please contact the NetBasis 24/7 Customer Care Call Center at
(888) 802-2747 or use Live Web Chat service available after logging on to NetBasis.
By clicking on the NetBasis link below, you will leave Sprint's website and will be redirected to the NetBasis system.
Corporate Actions
Corporate Transactions
360° Communications Spin-off - March 7, 1996
On March 7, 1996 Sprint completed the spin off of its cellular division into 360° Communications Company. For every 3 shares Sprint common held, shareholders received 1 share of 360°. To compute the 360° cost basis, allocate 17.705% from the Sprint basis to 360°. On July 1, 1998, 360° merged into ALLTEL. For every share of 360° held, shareholders received .74 shares of ALLTEL.
- PDF - Tax Information, Federal Income Tax Worksheet and Shareholder Statement
Sprint PCS Recapitalization- November 23, 1998
Sprint took 100% ownership of Sprint PCS on November 23, 1998. For every share of Sprint common (ticker symbol: FON) held as of the close of business on November 23, 1998, shareholders received 0.50 shares of Sprint PCS common stock (ticker symbol: PCS). Sprint common stock (ticker symbol: FON) was reclassified as Sprint FON common stock (ticker symbol: FON). To compute the Sprint PCS cost basis, allocate 10.72% from the Sprint common (ticker symbol: FON) basis to Sprint PCS (ticker symbol: PCS).
- PDF - Tax Information, Federal Income Tax Worksheet and Shareholder Statement
Sprint PCS Recombination - April 23, 2004
The Board of Directors of Sprint decided to eliminate the company's "tracking stock" capital structure and return to a single common stock. On April 23, 2004, each outstanding share of Sprint PCS common stock was converted into .50 shares of Sprint FON common stock. Sprint PCS shareholders holding physical certificates of Sprint PCS common stock were required to send them in for exchange. If you are a Sprint PCS shareholder and have not exchanged your certificates, please email Shareholder Relations.
Sprint Nextel Merger - August 12, 2005
On August 12, 2005, the merger between Sprint Corporation (NYSE: FON) and Nextel Communications Inc. (NASDAQ: NXTL) was completed and Sprint Corporation changed its name to Sprint Nextel Corporation. Sprint Nextel common stock began trading on the New York Stock Exchange Monday, August 15, 2005, under the ticker symbol "S". Holders of Nextel common stock received 1.26750218 shares of Sprint Nextel common stock and $0.84629198 in cash in exchange for each share of Nextel common stock. Sprint Corporation shareholders did not need to surrender or exchange their stock certificates.
- PDF - Examples Illustrating Merger Tax Consequences to Former Nextel Shareholders
Embarq Spin-off - May 17, 2006
On May 17, 2006, Sprint Nextel completed the spin-off of its local telephone operations which is now called Embarq Corporation. For every 20 shares Sprint Nextel common held on the May 8, 2006 record date, shareholders received 1 share of Embarq. To compute the Embarq cost basis, allocate 9.239% from the Sprint Nextel basis to Embarq.
- PDF - Tax Information and Federal Income Tax Basis Worksheet
Stock Splits
Payable Date | Record Date | Type of Stock | Type of Split |
April 6, 1961 | -
| United Utilities, Inc. common stock | 2-for-1 |
January 25, 1965 | -
| United Utilities, Inc. common stock | 2-for-1 |
December 28, 1989 | December 7, 1989 | United Telecommunications, Inc. common stock | 2-for-1 |
June 4, 1999 | May 13, 1999 | Sprint Corporation FON common stock | 2-for-1 |
February 4, 2000 | January 14, 2000 | Sprint Corporation PCS common stock | 2-for-1 |
Name Changes
United Utilities, Inc. (1942 to 1972)
United Telecommunications, Inc. (1972 to 1992)
Sprint Corporation (February 26, 1992 to August 12, 2005)
Sprint Nextel Corporation (August 12, 2005 to Present)Since these were only name changes, shareholders were advised it was unnecessary to exchange their existing certificates for new ones.
Employee Ownership
Employees Stock Purchase Plan (ESPP)
Below is historical price information for prior ESPP purchases:
Historical Purchase Information
1966 to June 1996: Computershare holds ESPP stock certificates issued through 1996. You may view your shareholder account at computershare.com. ESPP issue dates for stock certificate purchases may also be obtained by contacting Computershare at 800-259-3755, option 4.
Note: Computershare will only have the dates the shares were issued, not the actual cost basis. Click here for additional information.
July 1996 to December 2001: Charles Schwab was Sprint’s Recordkeeper for ESPP shares purchased between 1996 and 2001. In September 2003 Sprint offered to transfer ESPP accounts to Fidelity for those who elected. Charles Schwab retained cost basis records for Sprint employees beyond the required 7 years before purging the information in 2011. Click here for additional information.
2002 – Present: Fidelity Investments is Sprint’s Recordkeeper and administrative services provider for the ESPP. Account history for ESPP purchases may be located by logging in to your Fidelity brokerage account at Fidelity.com and click “INDIVIDUAL” under “Investment Accounts”. To the right of “Select Account(s)” under “Open Positions” there is a “Group By” column. Choose “Accounts”. Within the next section below for “INDIVIDUAL”, you will see an “Action” drop-down in the far right column. Select “View Lots” and you will see all of your historical data for unsold or “Open Lots”. Any questions within your Brokerage Account should be directed to Fidelity Stock Plan Services at 800-877-4015.
ESPP Form 3922 Communications
401(k) Plan
For questions regarding the Sprint Nextel 401(k) Plan, please call the 401(k) Plan Service Center toll-free at (800) 877-401k (4015) Monday through Friday (excluding New York Stock Exchange holidays), from 8 a.m. to 11 p.m. Central Time. To access your account, log on to Fidelity NetBenefits at
http://www.netbenefits.com/sprint.
ESOP/TRASOP
1986 – 1996: The Company contributed an amount to purchase company stock at market price for all employees who were continuously employed during those years. This is a qualified retirement plan that preceded the 401(k). It was originally called ESOP (Employee Stock Ownership Plan) and the name became TRASOP (Tax Reduction Act Stock Ownership Plan) in 1990. The Company administered the ESOP/TRASOP plan through 12/31/1994. Beginning 1/1/1995, TRASOP records of those with a balance were moved to Fidelity who became Administrator/Recordkeeper. Distribution records before 1/1/1995 were not sent to Fidelity. Any remaining shares are in the Company stock fund of the 401(k) Plan.
Stock Options \ Restricted Stock Units
All currently unvested or vested and outstanding stock option awards not yet exercised and all currently unvested restricted stock units reside with UBS as of April 2007. Shares that were retained following an option exercise or from a restricted grant that vested may still reside in individual brokerage accounts with prior vendors at either Morgan Stanley Smith Barney or Charles Schwab. Contact information for UBS, Morgan Stanley Smith Barney, and Charles Schwab is as follows:
- UBS at http://www.ubs.com/onesource/s, or call (877) 785-6985
(equity administration transitioned from Morgan Stanley Smith Barney to UBS in April 2007)
- Morgan Stanley Smith Barney at https://www.benefitaccess.com, or call (800) 367-4777
(equity administration transitioned from Charles Schwab to Morgan Stanley Smith Barney in November 2005)
Employee Benefits
If you have questions related to other Sprint benefits, you may contact the Employee Help Line at
(800) 697-6000.
* Note: Some of the documents provided on this page are served as Portable Document Format (PDF) files. Viewing PDFs requires Adobe Acrobat Reader software, available for free from the Adobe website.
