SEC Form 4 · accession 0001127602-17-011338
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Gerald Lokar
Officer — Chief Human Resources Officer
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 11:55 am EDT
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 9, 2017 | M | 15,187 | $6.50 | A | 15,274 | D | |
| Common Shares | Mar 9, 2017 | M | 9,875 | $6.50 | A | 25,149 | D | |
| Common Shares | Mar 10, 2017 | S | 6,413 | $6.9517 | D | 18,736 | 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 | $0.00 | Mar 9, 2017 | M | 15,187 | D | — | — | Common Shares | 15,187 | 45,563 | D |
| Restricted Stock UnitsF2 | — | Mar 9, 2017 | M | 9,875 | D | — | — | Common Shares | 9,875 | 50,875 | D |
Explanation of responses
- F1Represents 60,750 Common Shares underlying 60,750 Restricted Stock Units ("RSUs") granted to Mr. Lokar on March 4, 2016. These RSUs will vest as follows: (i) 15,187 of the RSUs will vest on March 4, 2017; (ii) 15,188 of the RSUs will vest on March 4, 2018; (iii) 15,187 of the RSUs will vest on March 4, 2019; and (iv) 15,188 of the RSUs will vest on March 4, 2020.
- F2Represents 29,625 Common Shares underlying 29,625 RSUs granted to Mr. Lokar on March 5, 2015. These RSUs will vest as follows: (i) 9,875 of the RSUs will vest on March 5, 2017; (ii) 9,875 of the RSUs will vest on March 5, 2018; and (iii) 9,875 of the RSUs will vest on March 5, 2019.