SEC Form 4 · accession 0001127602-17-019564
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terence H Matthews
Officer — Chairman of the Board · Director
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 4:14 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 SharesF1,F2,F3 | May 24, 2017 | S | 971,900 | $7.08 | D | 5,766,690 | I | Wesley Clover International Corporation |
| Common Shares | holding | — | — | — | 40,703 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1971,900 shares sold on 2017-05-24 were sold at Cdn$9.30 converted to US$7.08 using the noon exchange rate of The Bank of Canada
- F2Dr. Matthews owns 100% of the outstanding voting shares of 4293711 Canada Inc. ("4293711 Canada") which in turn owns 99.9% of the outstanding voting shares of Wesley Clover International Corporation ("WCIC") (the remaining 0.01% of the outstanding voting shares of WCIC are owned by the Matthews Family Trust, of which Dr. Matthews is one of three trustees).
- F3Pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of Dr. Matthews and 4293711 Canada may be deemed the beneficial owner of all of the common shares (the "Common Shares") of Mitel Networks Corporation (the "Company") beneficially owned by WCIC. The filing of this Form 4 shall not be construed as an admission that the Reporting Persons share beneficial ownership of these shares, and the Reporting Persons expressly disclaim such beneficial ownership except to the extent of any pecuniary interest therein.