Edgar Filing: SMITH LOUIS W

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 ^*

SMITH LOUIS W

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

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)

11705 BROOKWOOD

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2004

(Street)

LEAWOOD, KS 66211

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)
PCS Common Stock	04/23/2004		J⁽¹⁾	V	6,475	D	⁽¹⁾	0	D
PCS Common Stock	04/23/2004		J⁽¹⁾	V	1,000	D	⁽¹⁾	0	I	by IRA

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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)

$ 8.9

04/23/2004

J⁽¹⁾

6,550

02/19/2003

02/19/2012

PCS Common Stock

6,550

⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 26.6875

04/23/2004

J⁽¹⁾

7,800

02/13/2002

01/10/2011

PCS Common Stock

7,800

⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 51.1562

04/23/2004

J⁽¹⁾

3,000

02/08/2001

01/03/2010

PCS Common Stock

3,000

⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 55.125

04/23/2004

J⁽¹⁾

1,500

02/13/2002

08/07/2010

PCS Common Stock

1,500

⁽¹⁾

Share Units

⁽²⁾

04/23/2004

J⁽¹⁾

1,661

⁽²⁾

PCS Common Stock

1,661

⁽¹⁾

by Rabbi Trust

Share Units DDFP

⁽³⁾

04/23/2004

J⁽¹⁾

1,400

⁽³⁾

PCS Common Stock

1,400

⁽¹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SMITH LOUIS W 11705 BROOKWOOD LEAWOOD, KS 66211	X

Signatures

By: Claudia S Toussaint For: Louis W Smith		11/30/2004
^**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)	Pursuant to a reclassification exempt under Rule 16b-7, on April 23, 2004, each share of Issuer's PCS common stock and each derivative or right in respect of a share of Issuer's PCS common stock was reclassified into 1/2 share of Issuer's FON common stock or a derivative or right in respect of 1/2 share of Issuer's FON common stock.
(2)	Shares issued under Section 11 of Sprint's 1997 Long-term Stock Incentive Program. Section 11 permits non-employee directors of Sprint to elect to purchase shares of Sprint PCS common stock in lieu of receiving all or part of their annual retainer, meeting fees, and committee meeting fees in cash.
(3)	Share units are issued under the Issuer's Directors' Deferred Fee Plan (the "Plan") and are convertible into an amount of cash equal to the value of the Issuer's PCS common stock upon the reporting person's retirement, death, or termination of office in accordance with the terms of the Plan.

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