Sprint - Nextel 2006 Annual Report Download - page 67

The following table provides information about the shares of common stock, Series 1, that may be issued upon
exercise of awards as of December 31, 2006.
Plan Category
Number of Securities
to be Issued
Upon Exercise of
Outstanding Options,
Warrants and Rights
Weighted-average
Exercise Price of
Outstanding Options,
Warrants and Rights
Number of Securities
Remaining Available for
Future Issuance Under
Equity Compensation Plans
(Excluding Securities
Reflected in Column (a))
(a) (b) (c)
Equity compensation plans
approved by shareholders of
common stock, Series 1 ....... 116,870,231
(1)
$25.43
(2)
119,666,415
(3)(4)(5)(6)
Equity compensation plans not
approved by shareholders of
common stock, Series 1 ....... 63,743,620
(7)
$20.20
(8)
49,382,450
(9)
Total ....................... 180,613,851 169,048,865
(1) Includes 74,248,536 options and 8,667,079 restricted stock units outstanding under the 1997 Program and
33,193,692 options outstanding under the MISOP. Also includes 4,147 shares of common stock issuable
under the 1997 Program as a result of the purchase of those shares by directors with fourth quarter 2006
fees and purchase rights to acquire 756,777 shares of common stock accrued at December 31, 2006 under
the ESPP. Under the ESPP, each eligible employee may purchase common stock at quarterly intervals at a
purchase price per share equal to 90% of the market value on the last business day of the offering period.
(2) The weighted average exercise price does not take into account the shares of common stock issuable upon
vesting of restricted stock units issued under the 1997 Program. These restricted stock units have no exer-
cise price. The weighted average price also does not take into account the 4,147 shares of common stock
issuable as a result of the purchase of those shares by directors with fourth quarter 2006 fees; the pur-
chase price of these shares was $19.05 for each share. The weighted average purchase price also does not
take into account the 756,777 shares of common stock issuable as a result of the purchase rights accrued
under the ESPP; the purchase price of these shares was $17.14 for each share.
(3) Of these shares, 97,294,764 shares of common stock were available under the 1997 Program. Although it
is not our intention to do so, all of the shares, plus any shares that become available due to forfeiture of
outstanding awards, could be issued in a form other than options, warrants or rights.
(4) Includes 22,371,651 shares of common stock available for issuance under the ESPP after issuance of the
756,777 shares purchased in the fourth quarter 2006 offering. See note 1 above.
(5) Under the 1997 Program, the number of shares increases on January 1 of each year by 1.5% of the com-
mon stock outstanding on that date. No awards may be granted after April 15, 2007.
(6) No new options may be granted under the MISOP and therefore this figure does not include any shares of
our common stock that may be issued under the MISOP. Most options outstanding under the MISOP, how-
ever, grant the holder the right to receive additional options to purchase our common stock if the holder,
when exercising a MISOP option, makes payment of the purchase price using shares of previously owned
stock. The additional option gives the holder the right to purchase the number of shares of our common
stock utilized in payment of the purchase price and tax withholding. The exercise price for this option is
equal to the market price of the stock on the date the option is granted, and this option becomes exercis-
able one year from the date the original option is exercised. This option does not include a right to receive
additional options.
(7) Consists of 63,239,468 options and 504,152 deferred shares outstanding under the Nextel Equity Plan.
(8) The weighted average exercise price does not take into account the shares of common stock issuable upon
vesting of deferred shares issued under the Nextel Equity Plan. These deferred shares have no exercise
price.
(9) Under NYSE rules, awards of these shares may not be granted to employees who were employed by Sprint
before the Sprint-Nextel merger. Although it is not our intention to do so, all of the shares, plus any shares
that become available due to forfeiture of outstanding awards, could be issued in a form other than
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