SEC Form 4 · accession 0001127602-17-018405
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wesley Dean Durow
Officer — Chief Marketing Officer
Period of report
May 15, 2017
Accepted (ET)
May 17, 2017 · 10:18 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 | May 15, 2017 | M | 5,000 | $6.53 | A | 16,116 | D | |
| Common SharesF1 | May 16, 2017 | S | 1,334 | $6.7745 | D | 14,782 | 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 | — | May 15, 2017 | M | 5,000 | D | — | — | Common Shares | 5,000 | 10,000 | D |
Explanation of responses
- F1This sale was made to cover taxes immediately following the vesting of previously granted RSUs.
- F2Represents 15,000 Common Shares underlying 15,000 RSUs granted to Mr. Durow on May 14, 2015. These RSUs will vest as follows: (i) 5,000 of the RSUs will vest on May 14, 2017; (ii) 5,000 of the RSUs will vest on May 14, 2018; and (iii) 5,000 of the RSUs will vest on May 14, 2019.