SEC Form 4 · accession 0001127602-17-009935
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Graham Bevington
Officer — See Remarks
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 10:53 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001170534
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Mar 1, 2017 | M | 2,875 | $6.62 | A | 19,873 | D | |
| Common SharesF1 | Mar 2, 2017 | S | 801 | $6.5804 | D | 19,072 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Mar 1, 2017 | M | 2,875 | D | — | — | Common Shares | 2,875 | 2,875 | D |
Explanation of responses
- F1This sale was made to cover taxes immediately following the vesting of previously granted RSUs.
- F2Represents 5,750 Common Shares underlying 5,750 RSUs granted to Mr. Bevington on April 3, 2014. These RSUs will vest as follows: (i) 2,875 of the RSUs will vest on March 1, 2017; and (ii) 2,875 of the RSUs will vest on December 15, 2017.