ESPP Cost Basis - 2004

[Pages:50]ESPP COST BASIS

Cost Basis information for each ESPP plan year

Legacy Nextel participants are able to view cost basis information at . Log in and select the link to your INDIVIDUAL account, then from the drop-down box located on the right side of the page, choose the shares in question. Highlight the "View Lots" link to see the cost basis information. If you have questions and would like to speak to a Fidelity Stock Plan Services representative, call 800-877-4015.

Legacy Sprint participants click on any of the years below to go to the latest Cost Basis information for that year.

2000s

1990s

1980s

1970s

1960s

2000s

ESPP Cost Basis - 2004

Shares you purchase through this offering will be deposited in your account at Fidelity Investments after the June 30, 2005 purchase date. For information regarding your ESPP account, log in at sprint, or call to speak to a Fidelity Stock Plan Services Representative at 800-877-4015.

Please Note: If you purchased stock in this offering, the number of shares you purchased times the purchase price (below) is your total investment (cost basis) unless you disposed of your shares within one year of the June 30 purchase date and had additional income added to your W-2 due to a disqualifying disposition. See "Tax Considerations".

Embarq Spin-off ? May 17, 2006 On May 17, 2006, Sprint Nextel completed the spin-off of its local telephone operations which is now called Embarq Corporation. For every 20 shares Sprint Nextel common held on the May 8, 2006 record date, shareholders received 1 share of Embarq. To compute the Embarq cost basis, allocate 9.239% from Sprint Nextel basis to Embarq.

PDF ? Tax Information and Federal Income Tax Basis Worksheet

Please consult your personal tax advisor regarding tax matters.

2004 Plan Offering Grant date: June 22, 2004

Sprint Stock

Fair Market Value on Grant Date: Maximum Purchase Price (15% discount):

$17.225 $14.640

Date of Purchase 6/30/2005

Deposit at Fidelity 7/01/2005

Sprint Stock Purchase Price

$14.64

Sprint Stock Purchase Date FMV

$25.18

If you dispose of some or all of the shares purchased in this ESPP offering before the holding period is met on June 30, 2006 (for the 6/30/05 annual purchase), the amount equal to the difference between the fair market value (FMV) and purchase price times the number of shares disposed of will be reported by Sprint on Form W-2.

ESPP Cost Basis - 2003

Shares you purchase through this offering will be deposited in your account at Fidelity Investments after the June 30, 2004 purchase date. For information regarding your ESPP account, log in at sprint, or call to speak to a Fidelity Stock Plan Services Representative at 800-877-4015.

Please Note: If you purchased stock in this offering, the number of shares you purchased times the purchase price (below) is your total investment (cost basis) unless you disposed of your shares within one year of the June 30 purchase date and had additional income added to your W-2 due to a disqualifying disposition. See "Tax Considerations".

Recombination of tracking stocks The FON and PCS tracking stocks were recombined into a single common stock on April 23, 2004. Each share of PCS stock became ? share of FON stock at a .5 conversion rate.

June 30, 2004 annual purchase FON contributions in the 2003 ESPP purchased Sprint stock at a maximum purchase price of $12.42 and PCS contributions in the 2003 ESPP purchased Sprint stock at a maximum purchase price of $9.46 ($4.73 original maximum purchase price divided by .5 conversion rate).

Embarq Spin-off ? May 17, 2006 On May 17, 2006, Sprint Nextel completed the spin-off of its local telephone operations which is now called Embarq Corporation. For every 20 shares Sprint Nextel common held on the May 8, 2006 record date, shareholders received 1 share of Embarq. To compute the Embarq cost basis, allocate 9.239% from Sprint Nextel basis to Embarq.

PDF ? Tax Information and Federal Income Tax Basis Worksheet

Please consult your personal tax advisor regarding tax matters.

2003 Plan Offering Grant date: June 24, 2003

Sprint Stock after Recombination

Fair Market Value on Grant Date: Maximum Purchase Price (15% discount):

FON contributions $14.61 $12.42

PCS contributions $11.13 $9.46

Date of Purchase

6/30/04

Deposit at Fidelity

7/02/2004

Sprint Stock (FON contributions)

Sprint Stock (PCS contributions)

Purch price Purch FMV Purch price Purch FMV

$12.42

$17.54

$9.46

$17.54

If you dispose of some or all of the shares purchased in this ESPP offering before the holding period is met on June 30, 2005 (for the 6/30/04 annual purchase), the amount equal to the difference between the fair market value (FMV) and purchase price times the number of shares disposed of will be reported by Sprint on Form W-2.

ESPP Cost Basis - 2002

Shares you purchased through this plan were deposited ON A QUARTERLY BASIS at Fidelity Investments. For information regarding your ESPP account, log in at sprint, or call to speak to a Fidelity Stock Plan Services Representative at 800-877-4015.

IMPORTANT: Due to PCS share shortfall, there will be one PCS share purchase on June 30, 2003. PCS shares will not be purchased quarterly.

Please Note: If you purchased stock in this offering, the number of shares you purchased times the purchase price (below) is your total investment (cost basis). This original investment (cost basis) will not change over time but will cover more shares that you may acquire through a stock split, etc. as a result of owning these shares.

Recombination of Tracking Stocks The FON and PCS tracking stocks were recombined into a single common stock on April 23, 2004. Each share of PCS Stock became ? share of FON Stock at a .5 conversion rate. Adjust your cost basis by dividing it by the .5 conversion rate. (For example, if you acquired 500 shares of PCS Stock in the recapitalization on 11/24/1998 and had a cost basis of $6 per share, then received an additional 500 shares of PCS Stock in the PCS stock split of 2/4/2000 causing an adjusted cost basis of $3 per share, your 1,000 PCS shares would become 500 shares of FON Stock on 4/23/2004 with an adjusted cost basis of $6 per share.

Embarq Spin-off ? May 17, 2006 On May 17, 2006, Sprint Nextel completed the spin-off of its local telephone operations which is now called Embarq Corporation. For every 20 shares Sprint Nextel common held on the May 8, 2006 record date, shareholders received 1 share of Embarq. To compute the Embarq cost basis, allocate 9.239% from Sprint Nextel basis to Embarq.

PDF ? Tax Information and Federal Income Tax Basis Worksheet

Please consult your personal tax advisor regarding tax matters.

2002 Plan Offering

Grant Date: June 26, 2002

FON Stock PCS Stock

Fair Market Value on Grant Date: Maximum Purchase Price (15% discount):

$9.65 $8.20

$3.85 $3.27

Date of Purchase

09/30/02 12/31/02 03/31/03 06/30/03

Deposit at Fidelity

10/02/02 1/03/03 04/03/03 07/08/03

Purchase/Market Prices

FON Purch

FON Mkt

PCS Purch

PCS Mkt

$7.86 $9.25

X

X

$8.20 $14.55

X

X

$8.20 $11.77

X

X

$8.20 $14.57 $3.27 $5.78

FON shares only (quarterly purchases): If you dispose of some or all of the shares purchased in this ESPP offering before the Holding Period is met on June 24, 2004 (for the 9/30/02, 12/31/02 and 3/31/03 quarterly purchases) and June 30, 2004 (for the 6/30/03 quarterly purchase), the amount equal to the difference between each quarter's Fair Market Value and Purchase Price times the number of shares disposed of will be reported by Sprint on Form W-2.

PCS shares only (annual purchase): If you dispose of some or all of the shares purchased in this ESPP offering before the Holding Period is met on June 30, 2004, the amount equal to the difference between the Purchase Price and the Fair Market Value times the number of shares disposed of will be reported by Sprint on Form W-2.

ESPP Cost Basis - 2001

Shares you purchased on 9/28/01 and 12/31/01 were deposited ON A QUARTERLY BASIS at Charles Schwab & Co. For information regarding your ESPP account, please call Sprint's Employee Help Line at 800-697-6000.

Shares you purchased through this plan on 3/28/02 and 6/28/02 were deposited ON A QUARTERLY BASIS at Fidelity Investments. For information regarding your ESPP account, log in at sprint, or call to speak to a Fidelity Stock Plan Services Representative at 800-877-4015.

Please Note: If you purchased stock in this offering, the number of shares you purchased times the purchase price (below) is your total investment (cost basis). This original investment (cost basis) will not change over time but will cover more shares that you may acquire through a stock split, etc. as a result of owning these shares.

Recombination of Tracking Stocks The FON and PCS tracking stocks were recombined into a single common stock on April 23, 2004. Each share of PCS Stock became ? share of FON Stock at a .5 conversion rate. Adjust your cost basis by dividing it by the .5 conversion rate. (For example, if you acquired 500 shares of PCS Stock in the recapitalization on 11/24/1998 and had a cost basis of $6 per share, then received an additional 500 shares of PCS Stock in the PCS stock split of 2/4/2000 causing an adjusted cost basis of $3 per share, your 1,000 PCS shares would become 500 shares of FON Stock on 4/23/2004 with an adjusted cost basis of $6 per share.

Embarq Spin-off ? May 17, 2006 On May 17, 2006, Sprint Nextel completed the spin-off of its local telephone operations which is now called Embarq Corporation. For every 20 shares Sprint Nextel common held on the May 8, 2006 record date, shareholders received 1 share of Embarq. To compute the Embarq cost basis, allocate 9.239% from Sprint Nextel basis to Embarq.

PDF ? Tax Information and Federal Income Tax Basis Worksheet

Please consult your personal tax advisor regarding tax matters.

2001 Plan Offering Grant date: 6/27/2001

Fair Market Value on Grant Date: Maximum Purchase Price (15% discount):

FON Stock $20.73 $17.62

PCS Stock $22.09 $18.78

Date of Purchase

Deposit at Schwab or

Deposit at Fidelity

Purchase/Market Prices

FON FON PCS PCS Purch Mkt Purch Mkt

09/28/01

10/03/01

$17.62 $23.63 $18.78 $26.68

12/31/01

01/04/02

$17.05 $20.06 $18.78 $24.64

03/28/02

04/02/02

$12.72 $14.97 $8.67 $10.20

06/28/02

07/03/02

$8.65 $10.18 $3.86 $4.54

If you dispose of some or all of the shares purchased in this ESPP offering before the Holding Period is met on June 27, 2003 (for the 9/28/01, 12/31/01 and 3/29/02 quarterly purchases) and June 28, 2003 (for the 6/28/02 quarterly purchase), the amount equal to the difference between each quarter's Fair Market Value and Purchase Price times the number of shares disposed of will be reported by Sprint on Form W-2.

ESPP Cost Basis - 2000

Shares you purchased through this plan were deposited ON A QUARTERLY BASIS at Charles Schwab & Co. For information regarding your ESPP account, please call Sprint's Employee Help Line at 800-697-6000.

Please Note: If you purchased stock in this offering, the number of shares you purchased times the purchase price (below) is your total investment (cost basis). This original investment (cost basis) will not change over time but will cover more shares that you may acquire through a stock split, etc. as a result of owning these shares.

Recombination of Tracking Stocks The FON and PCS tracking stocks were recombined into a single common stock on April 23, 2004. Each share of PCS Stock became ? share of FON Stock at a .5 conversion rate. Adjust your cost basis by dividing it by the .5 conversion rate. (For example, if you acquired 500 shares of PCS Stock in the recapitalization on 11/24/1998 and had a cost basis of $6 per share, then received an additional 500 shares of PCS Stock in the PCS stock split of 2/4/2000 causing an adjusted cost basis of $3 per share, your 1,000 PCS shares would become 500 shares of FON Stock on 4/23/2004 with an adjusted cost basis of $6 per share.

Embarq Spin-off ? May 17, 2006 On May 17, 2006, Sprint Nextel completed the spin-off of its local telephone operations which is now called Embarq Corporation. For every 20 shares Sprint Nextel common held on the May 8, 2006 record date, shareholders received 1 share of Embarq. To compute the Embarq cost basis, allocate 9.239% from Sprint Nextel basis to Embarq.

PDF ? Tax Information and Federal Income Tax Basis Worksheet

Please consult your personal tax advisor regarding tax matters.

2000 Plan Offering

Grant date: 6/26/2000

FON Stock

Fair Market Value on Grant Date:

$59.75

Maximum Purchase Price (15% discount): $50.79

PCS Stock $61.81 $52.54

Purchase/Market Prices

Date of Purchase

Deposit

at

Schwab

FON

FON

PCS

PCS

Purch Mkt Purch Mkt

09/29/00

10/04/00

$24.60 $28.94 $29.27 $34.44

12/29/00

01/08/01

$17.27 $20.32 $17.05 $20.06

3/31/01

04/05/01

$18.86 $22.19 $15.77 $18.55

06/30/01

07/03/01

$17.99 $21.16 $20.08 $23.62

If you dispose of some or all of the shares purchased in this ESPP offering before the Holding Period is met on June 26, 2002 (for the 9/29/00, 12/29/00 and 3/30/01 quarterly purchases) and June 29, 2002 (for the 6/29/01 quarterly purchase), the amount equal to the difference between each quarter's Fair Market Value and Purchase Price times the number of shares disposed of will be reported by Sprint on Form W-2.

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