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Cost Basis, Corporate Actions & Employee Ownership

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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

SoftBank Transaction – July 10, 2013

On July 10, 2013, Sprint, SoftBank and Sprint Nextel completed the merger (the “Merger”) contemplated by the Agreement and Plan of Merger, dated as of October 15, 2012, as amended as of November 29, 2012, April 12, 2013 and June 10, 2013 (as amended, the “Merger Agreement”), by and among Sprint, Sprint Nextel, SoftBank, Starburst I, Inc., a Delaware corporation and a direct wholly owned subsidiary of SoftBank (“HoldCo”) and Starburst III, Inc., a Kansas corporation and a direct wholly owned subsidiary of Sprint (“Merger Sub”). In the Merger, Merger Sub was merged into Sprint Nextel, Sprint became the parent company of Sprint Nextel, with Sprint Nextel becoming its direct wholly owned subsidiary, and Sprint Nextel changed its name to “Sprint Communications, Inc.”

Pursuant to the terms of the Merger Agreement, each share of Sprint Nextel Series 1 common stock, par value $2.00 per share (the “Sprint Nextel Common Stock”) outstanding immediately prior to the effective time of the Merger was canceled and (with the exception of shares held by HoldCo, Merger Sub, or any other wholly owned subsidiary of HoldCo or held by Sprint Nextel or any of its wholly owned subsidiaries and treasury shares held by Sprint Nextel) automatically converted into the right to receive, as a result of the elections made by Sprint Nextel stockholders and the applicable proration and allocation rules contained in the Merger Agreement, (a) for stockholders that elected to receive shares of Sprint as merger consideration, one share of Sprint common stock (the “Sprint Common Stock”), and (b) for stockholders that elected to receive cash or that made no election, the right to receive a combination of (i) $5.647658 in cash without interest and (ii) 0.261744048 shares of Sprint Common Stock. Upon the consummation of the Merger, former Sprint Nextel stockholders collectively became entitled to receive a total of approximately 850,899,628 shares of Sprint Common Stock (excluding the effect of dissenting shares and fractional shares cashed out pursuant to the Merger Agreement), and HoldCo’s shares of Class B Common Stock, par value $0.01 per share of Starburst II, Inc. were automatically reclassified pursuant to the terms of Sprint’s Amended and Restated Certificate of Incorporation in effect as of the closing date of the Merger (the “Amended and Restated Certificate of Incorporation”) in consideration for the aggregate amount of $21.64 billion contributed by it to Sprint ($3.1 billion of which was contributed to acquire the Bond issued under the Bond Purchase Agreement), with the result that HoldCo holds a total of 3,076,525,523 shares of Sprint Common Stock, and SoftBank obtained indirect beneficial ownership of approximately 78% of the fully diluted shares of New Sprint (excluding shares of Sprint Common Stock issuable upon exercise of the Warrant, as described in the Proxy Statement).

  • PDF - Report of Organizational Actions Affecting Basis of Securities (Form 8937)


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 July 10, 2013)
Sprint Corporation (July 10, 2013 to Present)



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 401(k) Plan, please call the 401(k) Plan Service Center toll-free at (800) 877-4015 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.


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