SEAN E. MENKE - 15 Mar 2022 Form 4 Insider Report for Sabre Corp (SABR)

Role
Chief Executive Officer, Director
Signature
/s/ Steve W. Milton as attorney-in-fact for Sean Menke
Issuer symbol
SABR
Transactions as of
15 Mar 2022
Net transactions value
+$983,171
Form type
4
Filing time
17 Mar 2022, 20:19:14 UTC
Previous filing
22 Feb 2022
Next filing
20 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SABR Common Stock Sale $311,460 -30,000 -3.4% $10.38 840,309 16 Mar 2022 Direct F1, F2
transaction SABR Common Stock Tax liability $1,685,395 -175,745 -21% $9.59 664,564 15 Mar 2022 Direct F3
transaction SABR Common Stock Tax liability $519,979 -54,221 -8.2% $9.59 610,343 15 Mar 2022 Direct F4
transaction SABR Common Stock Award $3,500,005 +364,964 +60% $9.59 975,307 15 Mar 2022 Direct F5
transaction SABR Common Stock Award $0 +446,614 +46% $0.000000 1,421,921 15 Mar 2022 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person and adopted on November 3, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.29 to $10.48, inclusive. The reporting person undertakes to provide to Sabre Corporation, any security holder of Sabre Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F3 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.
F4 This transaction represents the automatic surrender of shares to the issuer upon vesting of restricted shares units to satisfy the reporting person's tax withholding obligations.
F5 The reporting person received a grant of restricted share units on the transaction date. The restricted share units award vests as follows:33 1/3% on the first anniversary of the date of grant (3/15/23), 33 1/3% on the second anniversary of the date of grant (3/15/24), and 33 1/3% on the third anniversary of the date of grant (3/15/25), subject to the reporting person's continued employment with the Issuer through each vesting date.
F6 Represents performance-based restricted share units that have vested and are paid out in shares of common stock.