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OMB APPROVAL
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OMB Number 32350287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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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*
France Telecom S.A.
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(Last) (First) (Middle)
6 Place D'Alleray
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(Street)
Paris France 75505 Cedex 15
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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
3/99
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5. If Amendment, Date of Original (Month/Year)
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<PAGE>
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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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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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</TABLE>
* 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
<PAGE>
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>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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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PCS Common PCS Common
Stock- 1 for 1 3/22/99 P 73,450 (A) N/A N/A Stock- 73,450 $46.4903 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 3/23/99 P 165,000 (A) N/A N/A Stock- 165,000 $43.0568 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 3/24/99 P 85,000 (A) N/A N/A Stock- 85,000 $43.0305 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 3/25/99 P 86,800 (A) N/A N/A Stock- 86,800 $45.1508 D N/A
Series 3* Series 1
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PCS Common PCS Common
Stock- 1 for 1 3/26/99 P 39,750 (A) N/A N/A Stock- 39,750 $44.9770 27,658,718**D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 3/22/99 P 56,000 (A) N/A N/A Stock- 56,000 $99.3642 D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 3/23/99 P 75,000 (A) N/A N/A Stock- 75,000 $97.7270 D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 3/24/99 P 40,000 (A) N/A N/A Stock- 40,000 $95.1414 D N/A
Series 3* Series 1
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FON Common FON Common
Stock- 1 for 1 3/25/99 P 29,000 (A) N/A N/A Stock- 29,000 $98.1787 43,318,018**D N/A
Series 3* Series 1
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Explanation of Responses:
</TABLE>
* The transactions listed in Table II represent open market purchases by
France Telecom S.A. ("FT") of shares of PCS Common Stock-Series 1 and
shares of FON Common Stock-Series 1. According to the charter of Sprint
Corporation ("Sprint"), upon the acquisition of shares of PCS Common
Stock-Series 1 and FON Common Stock-Series 1 by FT, such shares are deemed
to convert into shares of PCS Common Stock-Series 3 and FON Common
Stock-Series 3, respectively.
** FT and Deutsche Telekom AG ("DT") may be deemed members of a group, with
each holding 43,118,018 shares of Class A Common Stock, 6,099,709 shares of
PCS Common Stock-Series 3 and 200,000 shares of FON Common Stock-Series 3
of Sprint. FT disclaims beneficial ownership of shares held by DT 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 PCS Common
Stock-Series 3 (or, in certain circumstances, PCS Common Stock-Series 1).
Each share of PCS Common Stock-Series 3 and FON Common Stock-Series 3 can
be converted in certain circumstances into one share of PCS Common
Stock-Series 1 and FON Common Stock-Series 1, respectively.
<PAGE>
/s/ Thierry Girard 4/8/99
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Title: Senior Vice President 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).
