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Sabre Corp — Director's Dealing 2016
Mar 17, 2016
32494_dirs_2016-03-17_0e4e9534-8ffd-4141-b641-1c051a1a88d9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Sabre Corp (SABR)
CIK: 0001597033
Period of Report: 2016-03-15
Reporting Person: JONES HUGH W (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-15 | Common Stock | A | 28181 | — | Acquired | 111980 | Direct |
| 2016-03-15 | Common Stock | F | 11824 | $27.79 | Disposed | 100156 | Direct |
| 2016-03-16 | Common Stock | M | 76350 | $3 | Acquired | 176506 | Direct |
| 2016-03-16 | Common Stock | S | 76350 | $27.524 | Disposed | 100156 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-15 | Common Stock | $27.79 | A | 53619 | Acquired | 2026-03-15 | Common Stock (53619.0) | Direct |
| 2016-03-16 | Options to Purchase Common Stock | $3.0 | M | 76350 | Disposed | 2019-03-31 | Common Stock (76350.0) | Direct |
Footnotes
F1: Represents performance-based restricted share units that have vested and are paid out in shares of common stock. 5,000 shares are from a grant dated 12/3/2012, 9,555 shares are from a grant dated 4/17/2014 and 13,626 shares are from a grant dated 3/13/2015.
F2: This transaction represents the automatic surrender of shares to the issuer upon vesting of performance-based restricted shares units to satisfy the reporting person's tax withholding obligations.
F3: This transaction was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on February 25, 2015.
F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.36 to $27.81, inclusive. The reporting person undertakes to provide to Sabre Corporation, any security holder of Sabre Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F5: The options vest and become exercisable as to 25% of the shares of Common Stock of the Issuer subject to each such option on the first anniversary of the date of grant and as to 6.25% of such shares at the end of each successive three-month period thereafter, subject to the reporting person's continued employment with the Issuer through each vesting date.
F6: The options to purchase shares of Common Stock of the Issuer are fully vested and immediately exercisable.