T-Mobile US, Inc. — Director's Dealing 2020

Jun 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: T-Mobile US, Inc. (TMUS)
CIK: 0001283699
Period of Report: 2020-06-22

Reporting Person: SoftBank Group Capital Ltd (Director, 10% Owner)
Reporting Person: SOFTBANK GROUP CORP (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-22	Call Option (obligation to sell)	$	D	44905479	Disposed	2024-06-22	Common Stock (44905479)	Direct

Footnotes

F1: The exercise price per share of the call options is the lesser of (i) $106.90 and (ii) the volume weighted average price of the shares of common stock of the Issuer sold by SoftBank Group Capital Ltd ("SBGC") in one or more underwritten public offerings of Common Stock on or prior to December 22, 2020, which may include one or more "synthetic secondary offerings" undertaken through the Company,

F2: (Continued from footnote 1) in each case during the period beginning on June 22, 2020 and ending on the earlier of (x) December 22, 2020 and (y) the close of business on the business day immediately preceding the date of delivery of the first notice of exercise of the options, calculated after all discounts, commissions, spreads, fees or other similar amounts as determined by, or agreed to with, the underwriters, placement agents or other persons performing similar functions in connection with such public offerings.

F3: Marcelo Claure, Stephen Kappes, each members of the Board of Directors of the Issuer, and Ronald D. Fisher, who resigned from the Board of Directors on June 22, 2020, were elected as representatives of Softbank Group Corp. ("SoftBank"), SBGC and the other SoftBank Parties (defined below). As a result, each of these entities is a director by deputization for Section 16 purposes.

F4: In connection with the transactions between or among SoftBank, Deutsche Telekom AG ("DT"), Claure Mobile LLC (the "Executive Purchaser"), SBGC, Delaware Project 4 L.L.C. ("Project 4 LLC"), Delaware Project 6 L.L.C. ("Project 6 LLC" and, together with SoftBank, SBGC and Project 4 LLC, the "SoftBank Parties") and the Issuer as described in the Master Framework Agreement by and among the SoftBank Parties, DT, the Executive Purchaser and the Issuer, dated June 22, 2020 (the "Master Framework Agreement"),

F5: (Continued from footnote 4) DT granted its consent under the Proxy, Lock-Up and ROFR Agreement, dated April 1, 2020, by and between SoftBank and DT, to certain transactions contemplated by the Master Framework Agreement, pursuant to a consent letter between DT and SoftBank, dated June 22, 2020 (the "Proxy Agreement Consent"). As a portion of the consideration for the Proxy Agreement Consent and as part of the transactions contemplated by the Master Framework Agreement, SoftBank granted the options to a subsidiary of the Issuer, which, in turn, issued a back-to-back call option to DT.

F6: The derivative securities are directly held by SBGC, a wholly owned subsidiary of SoftBank. SoftBank disclaims beneficial ownership of the derivative securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.