SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
KLEIN THOMAS

(Last) (First) (Middle)
C/O SABRE CORPORATION
3150 SABRE DRIVE

(Street)
SOUTHLAKE TX 76092

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/17/2014
3. Issuer Name and Ticker or Trading Symbol
Sabre Corp [ SABR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. 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 (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 229,722 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Options to Purchase Common Stock (1) 06/11/2017 Common Stock 634,500 5 D
Options to Purchase Common Stock (2) 06/11/2017 Common Stock 317,250 5 D
Options to Purchase Common Stock (1) 01/31/2018 Common Stock 22,500 5 D
Options to Purchase Common Stock (2) 01/31/2018 Common Stock 11,250 5 D
Options to Purchase Common Stock (1) 03/31/2019 Common Stock 400,000 3 D
Options to Purchase Common Stock (1) 03/31/2019 Common Stock 164,250 3 D
Options to Purchase Common Stock (3) 03/23/2020 Common Stock 350,000 5.23 D
Options to Purchase Common Stock (4) 12/03/2022 Common Stock 40,000 9.97 D
Options to Purchase Common Stock (5) 08/15/2023 Common Stock 198,563 13.22 D
Options to Purchase Common Stock (6) 10/25/2023 Common Stock 200,221 14.01 D
Explanation of Responses:
1. The options to purchase shares of common stock, par value $0.01 per share ("Common Stock") of Sabre Corporation (the "Issuer") are fully vested and immediately exercisable.
2. The options vest and become exercisable (i) upon a liquidity event where TPG Partners IV, L.P. ("TPG Partners IV"), TPG Partners V, L.P. ("TPG Partners V"), TPG FOF V-A, L.P. ("TPG FOF V-A") and TPG FOF V-B, L.P. ("TPG FOF V-B") (collectively, the TPG Funds") and Silver Lake Partners II, L.P. and Silver Lake Technology Investors II, L.P. (the "Silver Lake Funds," and, collectively with the TPG Funds, the "Principal Stockholders") realize a threshold multiple of money ("MoM") for their interest in the Issuer as determined by the Issuer's board of directors, or (ii) following the third anniversary of an initial public offering of the shares of Common Stock of the Issuer, upon a determination by the Issuer's board of directors that such MoM could be realized by the Principal Stockholders if they sold their remaining interest in the Issuer, and in each case subject to Mr. Klein's continued employment through such date.
3. The options vest and become exercisable as to 25% of the shares of Common Stock subject to each such option on the first anniversary of the date of grant and as to 4.6875% of such shares at the end of each successive three-month period thereafter, subject to Mr. Klein's continued employment through each vesting date. As of the date of this filing, options to purchase 284,375 shares of Common Stock are fully vested and immediately exercisable.
4. The options vest and become exercisable as to 25% of the shares of Common Stock subject to each such option on the first anniversary of the date of grant and as to 6.25% of such shares at the end of each successive three-month period thereafter, subject to Mr. Klein's continued employment through each vesting date. As of the date of this filing, options to purchase 12,500 shares of Common Stock are fully vested and immediately exercisable.
5. The options vest and become exercisable as to 25% of the shares of Common Stock subject to each such option on the date of grant and as to 6.25% of such shares at the end of each successive three-month period thereafter, subject to the Mr. Klein's continued employment through each vesting date. As of the date of this filing, options to purchase 74,461 shares of Common Stock are fully vested and immediately exercisable.
6. The options vest and become exercisable as to 25% of the shares of Common Stock subject to each such option on the date of grant and as to 6.25% of such shares at the end of each successive three-month period thereafter, subject to the Mr. Klein's continued employment through each vesting date. As of the date of this filing, options to purchase 75,082 shares of Common Stock are fully vested and immediately exercisable.
By: Thomas Klein 04/17/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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