SEC Form 4 · accession 0001127602-17-009974
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P McHugh
Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 1:02 pm 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 SharesF1 | Mar 1, 2017 | S | 432 | $6.67 | D | 50,192 | D | |
| Common SharesF2 | Mar 1, 2017 | M | 1,574 | $0.00 | A | 51,766 | 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 | $0.00 | Mar 1, 2017 | A | 1,574 | A | Mar 1, 2017 | Mar 1, 2024 | Common Shares | 1,574 | 1,574 | D |
| Restricted Stock Units | $0.00 | Mar 1, 2017 | M | 1,574 | D | Mar 1, 2017 | Mar 1, 2024 | Common Shares | 1,574 | 0 | D |
| Options (Common Shares) | $6.62 | holding | — | — | — | Mar 1, 2017 | Mar 1, 2024 | Common Shares | 3,541 | 3,541 | D |
Explanation of responses
- F1This sale was made to cover taxes following the vesting (on February 28, 2017) of previously granted RSUs.
- F2Represents 1,574 Restricted Stock Units ("RSUs") granted to Mr. McHugh on March 1, 2017. The RSUs vested on March 1, 2017 and Mr. McHugh received 1,574 Common Shares on March 1, 2017.