SEC Form 4 · accession 0001127602-17-011349
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard D McBee
Officer — See Remarks · Director
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 12:10 pm 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 | 57,375 | $6.50 | A | 252,360 | D | |
| Common Shares | Mar 9, 2017 | M | 58,312 | $6.50 | A | 310,672 | D | |
| Common Shares | Mar 10, 2017 | S | 43,025 | $6.9517 | D | 267,647 | 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 | 57,375 | D | — | — | Common Shares | 57,375 | 172,125 | D |
| Restricted Stock UnitsF2 | $0.00 | Mar 9, 2017 | M | 58,312 | D | — | — | Common Shares | 58,312 | 116,626 | D |
Explanation of responses
- F1Represents 229,500 Common Shares underlying 229,500 Restricted Stock Units ("RSUs") granted to Mr. McBee on March 4, 2016. These RSUs will vest as follows: (i) 57,375 of the RSUs will vest on March 4, 2017; (ii) 57,375 of the RSUs will vest on March 4, 2018; (iii) 57,375 of the RSUs will vest on March 4, 2019; and (iv) 57,375 of the RSUs will vest on March 4, 2020.
- F2Represents 174,938 Common Shares underlying 174,938 RSUs granted to Mr. McBee on March 5, 2015. These RSUs will vest as follows: (i) 58,312 of the RSUs will vest on March 5, 2017; (ii) 58,312 of the RSUs will vest on March 5, 2018; and (iii) 58,314 of the RSUs will vest on March 5, 2019.