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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding Company
Act of 1935 or Section 30(f) of the Investment Company Act of 1940
|_| Check this box if no longer subject to
Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Deutsche Telekom AG
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(Last) (First) (Middle)
Friedrich - Ebert - Allee 140
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(Street)
D-53113 Bonn Germany
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Sprint Corporation (FON)
Sprint Corporation (PCS)
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3. IRS or Social Security Number of
Reporting Person, if an entity (Voluntary)
000-00-0000
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4. Statement for Month/Year
11/98
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
Director X 10% Owner
----- -----
Officer (give Other (specify
----- title below) ----- below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by one Reporting Person
-----
Form filed by more than One Reporting Person
-----
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Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
=================================================================================================================================
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
Security Date Code (A) or Disposed of (D) Securities Form: Direct Indirect
(Instr. 3) (Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
Owned at End of Indirect (I) Ownership
----------- ------------------------ Month (Instr. 4) (Instr. 4)
(A) or (Instr. 3 and 4)
Code V Amount (D) Price
--------- --------------- ---- ----- -------- ------ ----- ---------------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instruction 4(b)(v).
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriva- 6. Date Exercis-
Derivative sion or action tion tive Securities Ac- able and Expi-
Security Exer- Date Code quired (A) or Dis- ration Date
(Instr. 3) cise (Month/ (Instr. 8) posed of (D) (Month/Day/
Price of Day/ (Instr. 3, 4 and 5) Year)
Deriva- Year) ------------------
tive Se- Date Expira-
curity ------------------- Exer- tion
Code V (A) (D) cisable Date
------------ -------- ------- ---- ----- ------ ----- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PCS Common
Stock- 1 for 1 11/23/98 P 2,599,334 N/A N/A
Series 3
</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of 9. Number of 10. Ownership Form 11. Nature of
Underlying Securities Derivative derivative of Derivative Indirect
(Instr. 3 and 4) Security Securities Security: Direct Beneficial
(Instr. 5) Beneficially (D) or Indirect Ownership
- -------------------------- Owned at End (I) (Instr. 4)
Amount or of Month (Instr. 4)
Number of (Instr. 4)
Title Shares
- ----------- -------- --------- ------------ -------------- ----------
<S> <C> <C> <C> <C> <C>
PCS Common
Stock- 2,599,334 * 24,158,343 D N/A
Series 1
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
* Deutsche Telekom AG ("DT") and France Telecom S.A. ("FT") may
be deemed members of a group, with each holding 43,118,018 shares
of Class A Common Stock and 2,599,334 shares of PCS Common
Stock-Series 3 ("Series 3 PCS Common Stock") of Sprint
Corporation ("Sprint"). DT disclaims beneficial ownership of
shares held by FT for reporting purposes on this Form 4. Each
share of Class A Common Stock can be converted into one share of
FON Common Stock-Series 3 (or, in certain circumstances, FON
Common Stock-Series 1) and one-half share of Series 3 PCS Common
Stock (or, in certain circumstances, PCS Common Stock-Series 1
("Series 1 PCS Common Stock")). Each share of Series 3 PCS Common
Stock can be converted in certain circumstances into one share of
Series 1 PCS Common Stock.
The purchase price per share payable by each of DT and FT for
the aggregate 5,198,668 shares of Series 3 PCS Common Stock
purchased on November 23, 1998 will be determined based on
volume-weighted average closing price of the Series 1 PCS Common
Stock for the 20 consecutive trading days commencing on November
24, 1998. In payment of the purchase price of such shares, on
November 23, 1998, each of DT and FT paid to Sprint $30,000,000
($60,000,000 in the aggregate) and delivered to Sprint promissory
notes in respect of the balance of the purchase price of such
shares of Series 3 PCS Common Stock.
/s/ Helmut Reuschenbach 12/9/98
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Title: Senior Executive Director Date
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15
U.S.C. 78ff(a).
