X0306 4 2018-05-21 0 0001037016 NII HOLDINGS INC NIHD 0001646468 Smith Shana C 12110 SUNSET HILLS ROAD SUITE 600 RESTON VA 21090 0 1 0 0 VP, General Counsel & Corp Sec Restricted Stock Units 2018-05-21 4 A 0 212671 0 A Common Stock 212671 212671 D Each restricted stock unit represents a contingent right to receive one share of Issuer common stock or cash equal to the fair market value thereof. The grant date fair market value is equal to the target bonus for this participant under the 2018 cash bonus program. This grant was made in connection with the reduction of the eligible cash bonus for this participant under the 2018 cash bonus program of an equal amount. This restricted stock grant will vest as follows: 50% on August 15, 2018 and 50% on March 15, 2019. /s/ Shana C. Smith 2018-05-23