Sprint Corporate Actions

Corporate Transactions

360° Communications Spin-off - March 7, 1996

On March 7, 1996 Sprint completed the spin off of its cellular division into 360° Communications Company. For every 3 shares Sprint common held, shareholders received 1 share of 360°. To compute the 360° cost basis, allocate 17.705% from the Sprint basis to 360°. On July 1, 1998, 360° merged into ALLTEL. For every share of 360° held, shareholders received .74 shares of ALLTEL.


PDF - Tax Information, Federal Income Tax Worksheet and Shareholder Statement


Sprint PCS Recapitalization- November 23, 1998

Sprint took 100% ownership of Sprint PCS on November 23, 1998. For every share of Sprint common (ticker symbol: FON) held as of the close of business on November 23, 1998, shareholders received 0.50 shares of Sprint PCS common stock (ticker symbol: PCS). Sprint common stock (ticker symbol: FON) was reclassified as Sprint FON common stock (ticker symbol: FON). To compute the Sprint PCS cost basis, allocate 10.72% from the Sprint common (ticker symbol: FON) basis to Sprint PCS (ticker symbol: PCS).


PDF - Tax Information, Federal Income Tax Worksheet and Shareholder Statement


Sprint PCS Recombination - April 23, 2004

The Board of Directors of Sprint decided to eliminate the company's "tracking stock" capital structure and return to a single common stock. On April 23, 2004, each outstanding share of Sprint PCS common stock was converted into .50 shares of Sprint FON common stock. Sprint PCS shareholders holding physical certificates of Sprint PCS common stock were required to send them in for exchange. If you are a Sprint PCS shareholder and have not exchanged your certificates, please email Shareholder Relations.

Sprint Nextel Merger - August 12, 2005

On August 12, 2005, the merger between Sprint Corporation (NYSE: FON) and Nextel Communications Inc. (NASDAQ: NXTL) was completed and Sprint Corporation changed its name to Sprint Nextel Corporation. Sprint Nextel common stock began trading on the New York Stock Exchange Monday, August 15, 2005, under the ticker symbol "S". Holders of Nextel common stock received 1.26750218 shares of Sprint Nextel common stock and $0.84629198 in cash in exchange for each share of Nextel common stock. Sprint Corporation shareholders did not need to surrender or exchange their stock certificates.


PDF - Examples Illustrating Merger Tax Consequences to Former Nextel Shareholders


Embarq Spin-off - May 17, 2006

On May 17, 2006, Sprint Nextel completed the spin-off of its local telephone operations which is now called Embarq Corporation. For every 20 shares Sprint Nextel common held on the May 8, 2006 record date, shareholders received 1 share of Embarq. To compute the Embarq cost basis, allocate 9.239% from the Sprint Nextel basis to Embarq.


PDF - Tax Information and Federal Income Tax Basis Worksheet


SoftBank Transaction – July 10, 2013

On July 10, 2013, Sprint, SoftBank and Sprint Nextel completed the merger (the “Merger”) contemplated by the Agreement and Plan of Merger, dated as of October 15, 2012, as amended as of November 29, 2012, April 12, 2013 and June 10, 2013 (as amended, the “Merger Agreement”), by and among Sprint, Sprint Nextel, SoftBank, Starburst I, Inc., a Delaware corporation and a direct wholly owned subsidiary of SoftBank (“HoldCo”) and Starburst III, Inc., a Kansas corporation and a direct wholly owned subsidiary of Sprint (“Merger Sub”). In the Merger, Merger Sub was merged into Sprint Nextel, Sprint became the parent company of Sprint Nextel, with Sprint Nextel becoming its direct wholly owned subsidiary, and Sprint Nextel changed its name to “Sprint Communications, Inc.”

Pursuant to the terms of the Merger Agreement, each share of Sprint Nextel Series 1 common stock, par value $2.00 per share (the “Sprint Nextel Common Stock”) outstanding immediately prior to the effective time of the Merger was canceled and (with the exception of shares held by HoldCo, Merger Sub, or any other wholly owned subsidiary of HoldCo or held by Sprint Nextel or any of its wholly owned subsidiaries and treasury shares held by Sprint Nextel) automatically converted into the right to receive, as a result of the elections made by Sprint Nextel stockholders and the applicable proration and allocation rules contained in the Merger Agreement, (a) for stockholders that elected to receive shares of Sprint as merger consideration, one share of Sprint common stock (the “Sprint Common Stock”), and (b) for stockholders that elected to receive cash or that made no election, the right to receive a combination of (i) $5.647658 in cash without interest and (ii) 0.261744048 shares of Sprint Common Stock. Upon the consummation of the Merger, former Sprint Nextel stockholders collectively became entitled to receive a total of approximately 850,899,628 shares of Sprint Common Stock (excluding the effect of dissenting shares and fractional shares cashed out pursuant to the Merger Agreement), and HoldCo’s shares of Class B Common Stock, par value $0.01 per share of Starburst II, Inc. were automatically reclassified pursuant to the terms of Sprint’s Amended and Restated Certificate of Incorporation in effect as of the closing date of the Merger (the “Amended and Restated Certificate of Incorporation”) in consideration for the aggregate amount of $21.64 billion contributed by it to Sprint ($3.1 billion of which was contributed to acquire the Bond issued under the Bond Purchase Agreement), with the result that HoldCo holds a total of 3,076,525,523 shares of Sprint Common Stock, and SoftBank obtained indirect beneficial ownership of approximately 78% of the fully diluted shares of New Sprint (excluding shares of Sprint Common Stock issuable upon exercise of the Warrant, as described in the Proxy Statement).


PDF - Report of Organizational Actions Affecting Basis of Securities (Form 8937)


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Stock Splits

Payable Date Record Date Type of Stock Type of Split
April 6, 1961 - United Utilities, Inc. common stock 2-for-1
January 25, 1965 - United Utilities, Inc. common stock 2-for-1
December 28, 1989 December 7, 1989 United Telecommunications, Inc. common stock 2-for-1
June 4, 1999 May 13, 1999 Sprint Corporation FON common stock 2-for-1
February 4, 2000 January 14, 2000 Sprint Corporation PCS common stock 2-for-1
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Name Changes

United Utilities, Inc. (1942 to 1972)
United Telecommunications, Inc. (1972 to 1992)
Sprint Corporation (February 26, 1992 to August 12, 2005)
Sprint Nextel Corporation (August 12, 2005 to July 10, 2013)
Sprint Corporation (July 10, 2013 to Present)

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