Edgar Filing: SPRINT NEXTEL CORP

Ownership Submission

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

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

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

DRENDEL FRANK M

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

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

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

(Last)

(First)

(Middle)

2001 EDMUND HALLEY DRIVE

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2005

(Street)

RESTON, VA 20191

4. If Amendment, Date 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

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/12/2005		A		92,451 ⁽¹⁾	A	$ 0 ⁽¹⁾	92,451	D
Common Stock	08/12/2005⁽²⁾		A		10 ⁽³⁾	A	$ 0 ⁽²⁾	92,461	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non- Qualified Stock Option(right to buy)

$ 13.35

08/12/2005

7,800

⁽⁴⁾

09/13/2011

Common Stock

⁽⁵⁾

7,800

Non-Qualified Stock Option(right to buy)

$ 9.16

08/12/2005

13,000

⁽⁴⁾

08/20/2007

Common Stock

⁽⁵⁾

13,000

Non-Qualified Stock Option(right to buy)

$ 10.22

08/12/2005

2,600

⁽⁴⁾

02/11/2008

Common Stock

⁽⁵⁾

2,600

Non-Qualified Stock Option(right to buy)

$ 11.75

08/12/2005

2,600

⁽⁴⁾

02/18/2009

Common Stock

⁽⁵⁾

2,600

Non-Qualified Stock Option(right to buy)

$ 47.64

08/12/2005

39,000

⁽⁴⁾

02/17/2010

Common Stock

⁽⁵⁾

39,000

Non-Qualified Stock Option(right to buy)

$ 17.16

08/12/2005

39,000

⁽⁴⁾

02/20/2011

Common Stock

⁽⁵⁾

39,000

Non-Qualified Stock Option(right to buy)

$ 6.65

08/12/2005

7,800

⁽⁴⁾

09/28/2011

Common Stock

⁽⁵⁾

7,800

Non-Qualified Stock Option(right to buy)

$ 8.24

08/12/2005

7,800

⁽⁴⁾

11/30/2011

Common Stock

⁽⁵⁾

7,800

Non-Qualified Stock Option(right to buy)

$ 3.86

08/12/2005

15,600

⁽⁴⁾

02/13/2012

Common Stock

⁽⁵⁾

15,600

Non-Qualified Stock Option(right to buy)

$ 3.74

08/12/2005

7,800

⁽⁴⁾

05/31/2012

Common Stock

⁽⁵⁾

7,800

Non-Qualified Stock Option(right to buy)

$ 6.14

08/12/2005

7,800

⁽⁴⁾

09/06/2012

Common Stock

⁽⁵⁾

7,800

Non-Qualified Stock Option(right to buy)

$ 10.06

08/12/2005

7,800

⁽⁴⁾

12/03/2012

Common Stock

⁽⁵⁾

7,800

Non-Qualified Stock Option(right to buy)

$ 10.83

08/12/2005

15,600

⁽⁴⁾

02/28/2013

Common Stock

⁽⁵⁾

15,600

Non-Qualified Stock Option(right to buy)

$ 11.53

08/12/2005

4,875

⁽⁴⁾

05/30/2013

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 14.87

08/12/2005

4,875

⁽⁴⁾

08/29/2013

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 19.48

08/12/2005

4,875

⁽⁴⁾

11/28/2013

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 20.38

08/12/2005

4,875

⁽⁴⁾

02/27/2014

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 17.62

08/12/2005

4,875

⁽⁴⁾

05/27/2014

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 17.84

08/12/2005

4,875

⁽⁴⁾

08/31/2014

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 21.89

08/12/2005

4,875

⁽⁴⁾

11/30/2014

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 22.64

08/12/2005

4,875

⁽⁴⁾

02/24/2015

Common Stock

⁽⁵⁾

4,875

Non-Qualified Stock Option(right to buy)

$ 22.84

08/12/2005

4,875

⁽⁴⁾

05/26/2015

Common Stock

⁽⁵⁾

4,875

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DRENDEL FRANK M 2001 EDMUND HALLEY DRIVE RESTON, VA 20191	X

Signatures

/s/ Richard Montfort Attorney-in-Fact		08/16/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	These share units are issued under Sprint Nextel?s 1997 Long-Term Stock Incentive Program. Each unit represents the right to receive one share of the underlying security at a date in the future.
(3)	These share units vest 100% on the first anniversary of the grant date.
(4)	Options fully vested.
(5)	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.

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