U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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 of 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)
Bonn Germany 53113
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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)
N/A
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4. Statement for Month/Year
6/99
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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 title below) [ ] Other (specify 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
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Num- Owner-
ber ship
of Form
2. Deri- of
Conv- 6. vative Deri- 11.
ersion Date Exer- Secur- vative Nature
or cisable and 7. 8. ities Secu- of
Exer- 4. Expiration Title and Price Benefi- rity: In-
1. cise 3. Trans- 5. Date (Month/ Amount of Under- of cially Direct direct
Title of Price Trans- action Number of Derivative Day/Year) lying Securities Deri- Owned (D) or Bene-
Deriv- of action Code Securities Acquired (A) ------------- (Instr. 3 and 4) vative at In- ficial
ative Deriv- Date (Instr. or Disposed of (D) Expir- --------------------- Secur- End of direct Owner-
Security ative (Month/ 8) (Instr. 3, 4 and 5) Date Expir- Amount ity Month (I) ship
(Instr. Secur- Day/ -------- ------------------------- Exerc- ation or number (Instr. (Instr. (Instr.(Instr
3) ity Year) Code V (A) (D) isable Date Title of Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PCS Common PCS Common
Stock- 1 for 1 6/22/99 P 77,700 (A) N/A N/A Stock- 77,700 $57.4250 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 6/23/99 P 157,200 (A) N/A N/A Stock- 157,200 $58.3867 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 6/24/99 P 165,000 (A) N/A N/A Stock- 165,000 $57.9473 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 6/25/99 P 129,200 (A) N/A N/A Stock- 129,200 $59.0880 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 6/28/99 P 48,300 (A) N/A N/A Stock- 48,300 $58.3879 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 6/29/99 P 22,600 (A) N/A N/A Stock- 22,600 $58.2425 28,258,718** D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 6/4/99 J*** 43,318,018 (A) N/A N/A Stock- 43,318,018 N/A D N/A
Series 3 Series 1
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FON Common FON Common
Stock- 1 for 1 6/22/99 P 80,000 (A) N/A N/A Stock- 80,000 $53.5070 D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 6/23/99 P 70,000 (A) N/A N/A Stock- 70,000 $53.2021 D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 6/24/99 P 88,000 (A) N/A N/A Stock- 88,000 $53.3146 D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 6/25/99 P 87,000 (A) N/A N/A Stock- 87,000 $54.2114 86,961,036** D N/A
Series 3* Series 1
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</TABLE>
Explanation of Responses:
* These transactions represent open market purchases by Deutsche Telekom AG
("DT") of shares of PCS Common Stock-Series 1 and shares of FON Common
Stock-Series 1 of Sprint Corporation ("Sprint"). According to the charter of
Sprint, upon the acquisition of shares of PCS Common Stock-Series 1 and FON
Common Stock-Series 1 of Sprint by DT, such shares are deemed to convert into
shares of PCS Common Stock-Series 3 and FON Common Stock-Series 3, respectively,
of Sprint.
** DT and France Telecom S.A. ("FT") may be deemed members of a group. DT holds
43,118,018 shares of Class A Common Stock, 6,699,709 shares of PCS Common
Stock-Series 3 and 43,843,018 shares of FON Common Stock-Series 3 of Sprint, and
FT holds 43,118,018 shares of Class A Common Stock, 6,099,709 shares of PCS
Common Stock-Series 3 and 43,518,018 shares of FON Common Stock-Series 3 of
Sprint. DT disclaims beneficial ownership of shares held by FT for reporting
purposes on this Form 4. Each share of Class A Common Stock of Sprint 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 PCS Common
Stock-Series 3 (or, in certain circumstances, PCS Common Stock-Series 1) of
Sprint. Each share of PCS Common Stock-Series 3 and FON Common Stock-Series 3 of
Sprint can be converted in certain circumstances into one share of PCS Common
Stock-Series 1 and FON Common Stock-Series 1, respectively, of Sprint.
*** On April 20, 1999, Sprint announced a two-for-one stock split of its FON
Common Stock in the form of a dividend payable in shares of FON Common Stock of
Sprint. A comparable dividend was announced on the Class A Common Stock of
Sprint. New shares were issued on June 4, 1999 to holders of record on May 13,
1999. Accordingly, DT received (i) 200,000 shares of FON Common Stock-Series 3
in respect of the 200,000 shares of FON Common Stock-Series 3 owned by DT and
(ii) 43,118,018 shares of FON Common Stock-Series 3 in respect of the 43,118,018
shares of Class A Common Stock owned by DT.
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DEUTSCHE TELEKOM AG
BY: /s/ Helmut Reuschenbach 7/6/99
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Name: Helmut Reuschenbach Date
Title: Senior Executive Director
**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).
