Sprint - Nextel 2005 Annual Report Download - page 46

were the result of dividend equivalent rights attached to restricted stock units granted to these directors and
officers in 2003. Each restricted stock unit represents the right to one share of common stock, Series 1, once the
unit vests. The restricted stock units are scheduled to vest in 2006 and 2007. Delivery of the shares may be
delayed under certain circumstances.
Neither these restricted stock units nor the common stock issuable once the units vest were registered under the
Securities Act of 1933, or Securities Act. The issuance of the restricted stock units was exempt from registration
under the Securities Act in reliance on the exemption provided by Section 4(2) of the Securities Act because the
restricted stock units were issued in transactions not involving a public offering.
Issuer Purchases of Equity Securities
Period
Total
Number of
Shares
Purchased(1)
Average Price
Paid
Per Share(2)
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Maximum
Number (or
Approximate
Dollar Value)
of Shares that
May Yet Be
Purchased
Under the
Plans or
Programs
October 1 through October 31
common stock, Series 1 .............. 7,674 $ 22.999 — —
November 1 through November 30
common stock, Series 1 .............. 12,327 $ 24.807 — —
December 1 through December 31
common stock, Series 1 .............. 3,199 $ 24.185 — —
Total ............................... 23,200 $ 24.123 — —
(1) Acquisitions of equity securities during the fourth quarter 2005 were pursuant to the terms of our equity
compensation plans (the Management Incentive Stock Option Plan, the 1997 Long-Term Stock Incentive
Program, and the Nextel Incentive Equity Plan) and the terms of the equity-based awards made under those
plans. Acquisitions consist of the following: the forfeiture of restricted stock; the surrender of restricted
stock to pay required minimum income, Medicare and FICA tax withholding on the vesting of restricted
stock; the delivery of previously owned shares owned by the grantee to pay the exercise price of options;
and the delivery of previously owned shares owned by the grantee to pay additional income tax withholding
on (i) the vesting of restricted stock, (ii) the delivery of shares underlying restricted stock units and deferred
shares, and (iii) the exercise of options. Excludes shares used for required minimum tax withholding on the
exercise of options and the delivery of shares underlying restricted stock units and deferred shares since
only the net shares are issued.
(2) Excludes forfeited restricted stock since the purchase price was zero. The purchase price of a share of stock
used for the exercise price of options is the market price of the stock on the date of the exercise of the
option. The purchase price of a share of stock used for tax withholding is the amount of withholding paid
per share used for that purpose, which is the market price of the stock on the date of vesting of the restricted
stock, the delivery date of the stock underlying restricted stock units, and the date of the exercise of the
option.
No options may be granted pursuant to the Management Incentive Stock Option Plan after April 18, 2005; no
awards may be granted pursuant to the 1997 Long-Term Stock Incentive Program after April 15, 2007; and no
awards may be granted pursuant to the Nextel Incentive Equity Plan after July 13, 2015. Options, restricted stock
awards and restricted stock unit awards outstanding on those dates may continue to be outstanding after those
dates. We cannot estimate how many shares will be acquired in the manner described in footnote (1) to the table
above pursuant to the terms of these plans.
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