SEC Form 4 · accession 0001127602-17-010275
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory James Hiscock
Officer — See Remarks
Period of report
Mar 3, 2017
Accepted (ET)
Mar 3, 2017 · 5:48 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 | M | 1,150 | $0.00 | A | 5,658 | D | |
| Common SharesF2 | Mar 2, 2017 | S | 541 | $6.5804 | D | 5,117 | 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 UnitsF1,F3 | — | Mar 1, 2017 | M | 1,150 | D | — | — | Common Shares | 1,150 | 1,150 | D |
| Restricted Stock UnitsF4 | $0.00 | holding | — | — | — | — | Mar 1, 2024 | Common Shares | 25,000 | 25,000 | D |
Explanation of responses
- F1Represents Common Shares received following the vesting of previously granted Restricted Stock Units ("RSUs").
- F2This sale was made to cover taxes immediately following the vesting of previously granted RSUs.
- F3Represents 2,300 Common Shares underlying 2,300 RSUs granted to Mr. Hiscock on April 3, 2014. These RSUs will vest as follows: (i) 1,150 of the RSUs will vest on March 1, 2017; and (ii) 1,150 of the RSUs will vest on December 15, 2017.
- F4Represents 25,000 Common Shares underlying 25,000 RSUs granted on March 1, 2017. These RSUs vest in four equal installments annually starting March 1, 2018.