Sprint - Nextel 2011 Annual Report Download - page 58

Table of Contents
The following table provides information about the shares of Series 1 common stock that may be issued upon exercise of awards as of December 31, 2011.
_______________
The information required by this item is incorporated by reference to the information set forth under the captions “Executive Compensation—Certain
Relationships and Other Transactions” and “Board Operations—Independence of Directors” in our proxy statement relating to our 2012 annual meeting of shareholders,
which will be filed with the SEC.
The information required by this item is incorporated by reference to the information set forth under the caption “Ratification of Independent Registered Public
Accounting Firm” in our proxy statement relating to our 2012 annual meeting of shareholders, which will be filed with the SEC.
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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 Series
1 common stock 77,251,737
(1)(2)
$7.95
(3)
241,898,766
(4)(5)(6)(7)
Equity compensation plans not approved by shareholders of
Series 1 common stock 2,562,544
(8)
13.24
—
Total 79,814,281 241,898,766
(1)
I
ncludes 48,943,148 shares covered by options and 13,068,827 restricted stock units under the 2007 Plan, 9,089,398 shares covered by options and 41,607
restricted stock units outstanding under the 1997 Program and 4,602,844 shares covered by options outstanding under the MISOP. Also includes purchase rights
to acquire 1,505,913 shares of common stock accrued at December 31, 2011 under the ESPP. Under the ESPP, each eligible employee may purchase common
stock at quarterly intervals at a purchase price per share equal to 95% of the market value on the last business day of the offering period.
(2)
I
ncluded in the total of 77,251,737 shares are 13,068,827 restricted stock units under the 2007 Plan, which will be counted against the 2007 Plan maximum in a
2.5 to 1 ratio.
(3) 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
P
rogram or the 2007 Plan. These restricted stock units have no exercise price. The weighted average purchase price also does not take into account the
1,505,913 shares of common stock issuable as a result of the purchase rights accrued under the ESPP; the purchase price of these shares was $2.21 for each
share.
(4) Of these shares, 164,914,846 shares of common stock were available under the 2007 Plan. Through December 31, 2011, 120,877,297 cumulative shares came
f
rom the 1997 Program, the Nextel Plan and the MISOP.
(5)
I
ncludes 76,983,920 shares of common stock available for issuance under the ESPP after issuance of the 1,505,913 shares purchased in the fourth quarter 2011
offering. See note 1 above.
(6)
N
o new awards may be granted under the 1997 Program or the Nextel Plan.
(7)
N
o 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.
M
ost options outstanding under the MISOP, however, 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
p
urchase 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 exercisable one year from the date the original option is exercised. This
option does not include a right to receive additional options.
(8) Consists of 2,562,544 options outstanding under the Nextel Plan. There are no deferred shares outstanding under the Nextel Plan.
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item 14. Principal Accountant Fees and Services