-----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, OQRAjKtqGd+GMklyH/xggUWjG6tidsHnaM0FD+SfR4kL4WThklIt0h9zse7qS19T P6Yn8rf0OdokvTpcWMJsDA== 0000950103-98-001086.txt : 19981214 0000950103-98-001086.hdr.sgml : 19981214 ACCESSION NUMBER: 0000950103-98-001086 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981123 FILED AS OF DATE: 19981211 SUBJECT COMPANY: 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: 3 SEC ACT: SEC FILE NUMBER: 001-04721 FILM NUMBER: 98767844 BUSINESS ADDRESS: STREET 1: 2330 SHAWNEE MISSION PKWY STREET 2: P O BOX 11315 CITY: WESTWOOD STATE: KS ZIP: 66205 BUSINESS PHONE: 9136243000 MAIL ADDRESS: STREET 1: 2330 SHAWNEE MISSION PKWY STREET 2: NULL 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 COMPANY DATA: COMPANY CONFORMED NAME: COMCAST CORP CENTRAL INDEX KEY: 0000022301 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] OWNER IRS NUMBER: 231709202 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 1500 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102-2148 BUSINESS PHONE: 2156651700 MAIL ADDRESS: STREET 1: 1500 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102-2148 3 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES FORM 3 OMB APROVAL OMB NUMBER: 3235-0104 Expires: September 30, 1998 Estimated average burden hours per response........0.5 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 (Print or Type Responses) 1. Name and Address of Reporting Person* Comcast Corporation - ----------------------------------------------------------------------------- (Last) (First) (Middle) 1500 Market Street - ----------------------------------------------------------------------------- (Street) Philadelphia PA 19102 - ----------------------------------------------------------------------------- (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 11/23/98 - ----------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) - ----------------------------------------------------------------------------- 4. Issuer Name and Ticker or Trading Symbol Sprint Corporation (PCS) - ----------------------------------------------------------------------------- 5. Relationship of Reporting Person to Issuer (Check all applicable) Director X 10% Owner --- --- Officer (give title below) Other (specify below) --- --- -------------------------- - ---------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) - ----------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) x Form filed by One Reporting Person - ---- Form filed by More than One Reporting Person - ---- Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect (Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership (Instr. 4) (D) or Indirect (Instr. 5) (I)(Instr. 5) - -----------------------------------------------------------------------------------------------------------------------------------
(Over) SEC 1473 (7-96) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature Security (Instr. 4) and Expiration Securities Underlying sion or ship of In- Date (Month/Day/Year) Derivative Securities Exercise Form of direct -------------------- (Instr. 4) Price of Deriv- Bene- Date Expira- --------------------------------- Derivative ative ficial Exer- tion Title Amount Security Security: Owner- cisable Date or Direct ship Number (D) or (Instr. of Indirect 5) Shares (I) (Instr. 5) - ----------------------------------------------------------------------------------------------------------------------------------- PCS Common Stock Series 2, See Note See Note PCS Common Stock Series See Note See Note par value $1.00 per share 1 1 1, par value $1 per share 47,248,435 1 I 5 - ----------------------------------------------------------------------------------------------------------------------------------- Series 7 PCS Preferred Stock, See Note PCS Common Stock Series See Note See Note par value $1000 per share 11/23/98 2 2, par value $1 per share 61,726 3 I 5 - ----------------------------------------------------------------------------------------------------------------------------------- PCS Common Stock Series See Note See Note Warrants (Convertible) 11/23/98 11/23/98 2, par value $1 per share 3,015,858 4 I 5 - -----------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) Each share of Series 2 PCS Stock automatically converts into one share of Sprint Corporation PCS Common Stock-Series 1, par value $1.00 per share (the "Series 1 PCS Stock"), under certain circumstances. Because the Reporting Person does not have the right to acquire any shares of Series 1 PCS Stock underlying the Series 2 PCS Stock, the Series 7 Preferred Stock or the Warrants, within sixty days of the date of the event requiring this statement, the Reporting Person disclaims beneficial ownership of all shares of Series 1 PCS Stock underlying the Series 2 PCS Stock, the Series 7 Preferred Stock and the Warrants, beneficially owned by the Reporting Person. (2) Sprint may redeem any outstanding shares of Series 7 Preferred Stock after November 23, 2001, and must redeem all outstanding shares of Series 7 Preferred Stock on November 24, 2008. (3) Each share of Seventh Series Preferred Stock, no par value per share (the "Seventh Series Preferred"), of Sprint Corporation may be converted at any time at the option of the holder into (i) shares of Series 2 Stock if such holder is a Cable Holder, or (ii) shares of Series 1 Stock if such holder is not a Cable Holder. Each share of Seventh Series Preferred is convertible into a number of shares of Series 2 Stock equal to the aggregate Liquidation Preference (as defined in the Certificate of Designations of the Seventh Series Preferred as filed with the Kansas Secretary of State on November 23, 1998 (the "Certificate of Designations")) of the Seventh Series Preferred shares surrendered for conversion divided by the Initial Conversion Price (as defined in the Certificate of Designations), subject to adjustment. The Certificate of Designations defines Liquidation Preference as $1,000 per share, plus any accumulated unpaid dividends, and Initial Conversion Price means 1.28 multiplied by the average of the daily closing prices of the Series 1 Stock for the 30 consecutive trading days ending as of the 45th trading day following the commencement of regular way trading in connection with the recapitalization of Sprint Corporation. See Note 4. (4) The exercise price with respect to each Warrant or Series 7 Preferred Stock shall be an amount equal to the average daily closing prices of a share of PCS Common Stock -- Series 1 for the period of 30 consecutive trading days ending on the 45th trading day. Sprint Corporation completed its recapitalization on November 23, 1998 and regular way trading on the New York Stock Exchange of the Series 1 Stock began on November 24, 1998. (5) Comcast Corporation, as the indirect holder of 100% of the capital stock of Comcast Telephony Services Holdings, Inc., which directly owns the securities reported, may be deemed to exercise beneficial ownership over the securities reported herein. However, the filing of this Form 3 shall not constitute an admission of beneficial ownership of the securities reported herein, and Comcast Corporation expressly disclaims such beneficial ownership. /s/ Arthur R. Block December 10, 1998 - ------------------------------- ------------------------ **Signature of Reporting Person Date **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2 SEC 1473 (7-96) -----END PRIVACY-ENHANCED MESSAGE-----