SEC Form 4 · accession 0001127602-17-011354
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael William McCarthy
Officer — See Remarks
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 12:20 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 | 1,625 | $6.50 | A | 4,860 | D | |
| Common Shares | Mar 9, 2017 | M | 1,937 | $6.50 | A | 6,797 | D | |
| Common Shares | Mar 10, 2017 | S | 1,103 | $6.9517 | D | 5,694 | 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 | 1,625 | D | — | Mar 4, 2023 | Common Shares | 1,625 | 4,875 | D |
| Restricted Stock UnitsF2 | $0.00 | Mar 9, 2017 | M | 1,937 | D | — | Mar 5, 2022 | Common Shares | 1,937 | 3,876 | D |
Explanation of responses
- F1Represents 6,500 Common Shares underlying 6,500 Restricted Stock Units ("RSUs") granted to Mr. McCarthy on March 4, 2016. These RSUs will vest as follows: (i) 1,625 of the RSUs will vest on March 4, 2017; (ii) 1,625 of the RSUs will vest on March 4, 2018; (iii) 1,625 of the RSUs will vest on March 4, 2019; and (iv) 1,625 of the RSUs will vest on March 4, 2020.
- F2Represents 5,813 Common Shares underlying 5,813 RSUs granted to Mr. McCarthy on March 5, 2015. These RSUs will vest as follows: (i) 1,937 of the RSUs will vest on March 5, 2017; (ii) 1,937 of the RSUs will vest on March 5, 2018; and (iii) 1,939 of the RSUs will vest on March 5, 2019.