Edgar Filing: KENNARD WILLIAM E

Ownership Submission

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0104

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â KENNARD WILLIAM E

2. Date of Event Requiring Statement (Month/Day/Year)
08/12/2005

3. Issuer Name and Ticker or Trading Symbol
SPRINT CORP [S]

(Last)

(First)

(Middle)

2001 EDMUND HALLEY DRIVE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

RESTON,Â VAÂ 20191

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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	5,836 ⁽¹⁾	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non- Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	09/13/2011	Common Stock	6,500	$ 13.35	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	05/31/2011	Common Stock	32,500	$ 12.25	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	09/28/2011	Common Stock	6,500	$ 6.65	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	11/30/2011	Common Stock	6,500	$ 8.24	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	02/13/2012	Common Stock	13,000	$ 3.86	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	05/31/2012	Common Stock	9,100	$ 3.74	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	09/06/2012	Common Stock	9,100	$ 6.14	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	12/03/2012	Common Stock	9,100	$ 10.06	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	02/28/2013	Common Stock	18,200	$ 10.83	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	05/30/2013	Common Stock	4,875	$ 11.53	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	08/29/2013	Common Stock	4,875	$ 14.87	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	11/28/2013	Common Stock	4,875	$ 19.48	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	02/27/2014	Common Stock	4,875	$ 20.38	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	05/27/2014	Common Stock	4,875	$ 17.62	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	08/31/2014	Common Stock	4,875	$ 17.84	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	11/30/2014	Common Stock	4,875	$ 21.89	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	02/28/2015	Common Stock	4,875	$ 22.64	D	Â
Non-Qualified Stock Option(right to buy) ⁽²⁾	Â ⁽³⁾	05/26/2015	Common Stock	4,875	$ 22.84	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
KENNARD WILLIAM E 2001 EDMUND HALLEY DRIVE RESTON,Â VAÂ 20191	Â X	Â	Â	Â

Signatures

/s/ Richard Montfort Attorney-in-Fact		08/15/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The shares of series 1 common stock were acquired pursuant to the merger agreement between Nextel Communications, Inc. and Sprint Corporation, which provides for the conversion of each outstanding share of Nextel class A common stock into approximately 1.2675 shares of Sprint Nextel common stock and cash equal to the product of the cash ratio of 0.0325 and the average of the per share closing prices of shares of Sprint series 1 common stock during the 20 trading day period on the New York Stock Exchange ending on (and including) the August 12, 2005, the closing date of the merger.
(2)	This option was assumed by Sprint Nextel in the merger and replaced with an option to purchase shares of Sprint Nextel common stock, with the number of shares issuable under the options and exercise prices for those options adjusted based on an exchange ratio of 1.3 to 1 with no change to the aggregate exercise price.
(3)	Options fully vested.

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.