Statement of Changes in Beneficial Ownership (4)
March 17 2020 - 7:20PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
MENKE SEAN E |
2. Issuer Name and Ticker or Trading Symbol
Sabre Corp
[
SABR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
3150 SABRE DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/13/2020 |
(Street)
SOUTHLAKE, TX 76092
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. 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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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/15/2020 | | A | | 195880 (1) | A | $0 | 348705 | D | |
Common Stock | 3/15/2020 | | F(2) | | 75380 | D | $8.33 | 273325 | D | |
Common Stock | 3/15/2020 | | A | | 13405 (3) | A | $0 | 286730 | D | |
Common Stock | 3/15/2020 | | F(2) | | 3265 | D | $8.06 | 283465 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Options to Purchase Common Stock | $8.33 | 3/13/2020 | | A | | 420420 | | (4) | 3/13/2030 | Common Stock | 420420.0 | $0 | 420240 | D | |
Explanation of Responses: |
(1) | Represents performance-based restricted share units that have vested and are paid out in shares of common stock. 48,374 shares are from a grant dated March 15, 2017, 79,939 shares are from a grant dated March 15, 2018 and 67,567 shares are from a grant dated March 15, 2019. |
(2) | This transaction represents the automatic surrender of shares to the issuer upon vesting of performance-based restricted shares units to satisfy the reporting person's tax withholding obligations. |
(3) | Represents performance-based restricted share units that have vested and are paid out in shares of common stock from a grant dated March 15, 2016. |
(4) | The options vest and become exercisable in three equal installments of 33 1/3% on March 15, 2021, March 15, 2022 and March 15, 2023, subject to the reporting person's continued employment with the Issuer through each vesting date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
MENKE SEAN E 3150 SABRE DRIVE SOUTHLAKE, TX 76092 | X |
| President and CEO |
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Signatures
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/s/ Steve W. Milton as attorney-in-fact for
Sean Menke | | 3/17/2020 |
**Signature of Reporting Person | Date |
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