-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lwoc73fHPK1LxwBeXDqMywEu0gLwxNtlqvts84g9CioYePKx9BOXSdRfTXngIM8b IMNZZmvqU8CVRSA5kAPWfw== 0000101830-99-000022.txt : 19990727 0000101830-99-000022.hdr.sgml : 19990727 ACCESSION NUMBER: 0000101830-99-000022 CONFORMED SUBMISSION TYPE: 8-A12B/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPRINT CORP CENTRAL INDEX KEY: 0000101830 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 480457967 STATE OF INCORPORATION: KS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-A12B/A SEC ACT: SEC FILE NUMBER: 001-04721 FILM NUMBER: 99670275 BUSINESS ADDRESS: STREET 1: 2330 SHAWNEE MISSION PKWY CITY: WESTWOOD STATE: KS ZIP: 66205 BUSINESS PHONE: 9136243000 MAIL ADDRESS: STREET 1: 2330 SHAWNEE MISSION PKWY CITY: WESTWOOD STATE: KS ZIP: 66205 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TELECOMMUNICATIONS INC DATE OF NAME CHANGE: 19920316 FORMER COMPANY: FORMER CONFORMED NAME: UNITED UTILITIES INC DATE OF NAME CHANGE: 19731011 8-A12B/A 1 REGISTER PCS GROUP RIGHTS SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A/A (Amendment No. 2) FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 SPRINT CORPORATION (Exact name of registrant as specified in its charter) Kansas 48-0457967 (State of incorporation or (I.R.S. Employer organization) Identification No.) P.O. Box 11315 Kansas City, MO 64112 (Address of principal (zip code) executive office) If this Form relates to the registration of a class of securities pursuant to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A. (c), please check the following box [X] If this Form relates to the registration of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A. (d), please check the following box [ ] Securities to be registered pursuant to Section 12(b) of the Act: Title of Each Class to Name of Each Exchange on Which be Registered Each Class is to be Registered PCS Group Rights New York Stock Exchange Securities to be registered pursuant to Section 12(g) of the Act: None (Title of class) Item 1. Description of Registrant's Securities to be Registered. On June 29, 1998, the Board of Directors of Sprint Corporation approved an amendment to Sprint's Rights Agreement that was effective on November 23, 1998 in connection with the reclassification of Sprint's common stock into FON Common Stock and PCS Common Stock. Pursuant to the amended Rights Agreement, a PCS Group Right is attached to each outstanding share of PCS Common Stock. Sprint also issues PCS Group Rights in connection with the issuance of shares of all three series of PCS Common Stock. The number of PCS Group rights attached to each share of PCS Common Stock is subject to adjustment if there is a stock dividend on the PCS Common Stock paid in shares of PCS Common Stock or a subdivision or combination of the shares of PCS Common Stock. The PCS Group Rights trade with the PCS Common Stock. The Rights detach from the PCS Common Stock and become exercisable only if, in a transaction not approved by the Sprint Board, a person or entity - becomes the beneficial owner of voting securities representing 15% or more of the voting power of Sprint, or - announces a tender offer that, if consummated, would result in beneficial ownership by a person or group of voting securities representing 15% or more of the voting power of Sprint. If the Rights detach and become exercisable as a result of the commencement of a tender offer, each PCS Group Right entitles its holder to purchase one one-thousandth of a share of Preferred Stock-Eighth Series for an exercise price of $150 unless the Rights are redeemed by Sprint. This exercise price and the number of shares, or fraction of a share, of Preferred Stock - Eighth Series that can be purchased are both subject to adjustment to prevent dilution in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock - Eighth Series or if Sprint distributes certain rights, options, warrants, evidences of indebtedness or assets to the holders of the Preferred Stock - Eighth Series. After a person or group (referred to as an Acquiring Person) becomes the beneficial owner of voting securities representing 15% or more of the voting power of Sprint, unless the securities were acquired pursuant to a Qualifying Offer, each PCS Group Right entitles its holder to purchase, for the Right's exercise price, a number of shares of PCS Common Stock having a value equal to two times the then current exercise price of the Right. All Rights that are, or under certain circumstances were, beneficially owned by any Acquiring Person or certain related parties will be null and void. A "Qualifying Offer" is an offer for outstanding shares of common stock which a majority of the directors who are not also officers of Sprint and who are not representatives, nominees, affiliates or associates of an Acquiring Person determine, after receiving advice from one or more investment banking firms, to be fair to the stockholders and otherwise in the best interests of Sprint and its stockholders. If Sprint is involved in a merger or other business combination transaction after the Rights become exercisable, each PCS Group Right entitles its holder to purchase, for the Right's exercise price, a number of the acquiring or surviving company's shares of common stock having a market value equal to twice the exercise price of the Right. Similarly, if Sprint sells or transfers 50% or more of its assets or earning power after the Rights become exercisable, each PCS Group Right entitles its holder to purchase, for the Right's exercise price, a number of the acquiring company's shares of common stock having a market value equal to twice the exercise price of the Right. At any time after any person or group becomes an Acquiring Person and before the acquisition by such person or group of 50% or more of the voting power of Sprint, the Sprint Board may exchange PCS Common Stock for all or any part of the PCS Group Rights, other than any PCS Group Rights that have become null and void. The exchange rate is one share of PCS Common Stock for each Right. This exchange rate is subject to adjustment to reflect any stock split, stock dividend or similar transaction involving the PCS Common Stock. Sprint is entitled to redeem the PCS Group Rights at $.01 per Right at any time until ten business days following a public announcement that a person or group of persons has become the beneficial owner of voting securities representing 15% or more of the voting power of Sprint or, in the case of Deutsche Telekom AG and France Telecom S.A., that they have acquired in excess of the shares permitted to be acquired under the Standstill Agreement which they have entered into with Sprint. The redemption price is subject to adjustment for any stock split, stock dividend or similar transaction. The terms of the Rights expire on June 25, 2007, unless Sprint redeems the Rights before then or unless the Sprint Board extends the Rights by amending the Rights Agreement. Each share of Preferred Stock-Eighth Series will be entitled to a minimum preferential quarterly dividend payment of the greater of - $100 per share or - 1,000 times the aggregate per share amount of all dividends, other than a dividend payable in PCS Common Stock, declared per share of PCS Common Stock. In the event of the liquidation of Sprint, the holders of shares of Preferred Stock-Eighth Series will be entitled to the greater of - a minimum preferential liquidation payment of $1,000 per share, plus accrued dividends, or - 1,000 times the aggregate amount to be distributed per share of PCS Common Stock. Each share of Preferred Stock-Eighth Series will have 1,000 times the highest number of votes of the PCS Common Stock, voting together with, and on the same matters as, the Series 1 PCS Common Stock. Finally, in the event of any merger, consolidation or other transaction involving Sprint in which shares of PCS Common Stock are exchanged for or changed into other stock, securities, cash and/or other property, each share of Preferred Stock-Eighth Series will be entitled to receive 1,000 times the amount received per share of PCS Common Stock. The dividend, liquidation, voting and other rights of the Preferred Stock - Eighth Series are protected by antidilution provisions. Item 2. Exhibits. 4.1 Amended and Restated Rights Agreement between the Registrant and UMB Bank, n.a., as Rights Agent (Filed as Exhibit 4.1 to the Registrant's Amendment No. 1 to the Registration Statement on Form 8-A for the registration of PCS Group Rights, filed November 25, 1998, and incorporated herein by reference), which includes as Exhibit A-1, the Certificate of Designation, Preferences and Rights of Preferred Stock - Sixth Series; as Exhibit A-2, the Certificate of Designation, Preferences and Rights of Preferred Stock - Eighth Series; as Exhibit B-1, the Form of FON Group Rights Certificate; as Exhibit B-2, the form of PCS Group Rights Certificate; as Exhibit B-3, the Form of Old Class A Rights Certificate; and as Exhibit B-4, the Form of Series DT Rights Certificate. SIGNATURE Pursuant to the requirements of Section 12 of the Exchange Act, the Registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized. SPRINT CORPORATION By: /s/ Michael T. Hyde Michael T. Hyde Assistant Secretary Date: July 26, 1999 -----END PRIVACY-ENHANCED MESSAGE-----