SEC Form 4 · accession 0001127602-17-026156
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mahawa Vanessa Touray
Officer — Senior Vice President, Finance
Period of report
Aug 18, 2017
Accepted (ET)
Aug 22, 2017 · 11:27 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 | Aug 21, 2017 | S | 100 | $8.085 | D | 2,770 | D | |
| Common Shares | Aug 21, 2017 | S | 2,770 | $8.0856 | D | 0 | D | |
| Common Shares | Aug 21, 2017 | M | 3,063 | $4.00 | A | 3,063 | D | |
| Common Shares | Aug 21, 2017 | S | 3,063 | $8.085 | D | 0 | D | |
| Common Shares | Aug 21, 2017 | M | 5,000 | $3.80 | A | 5,000 | D | |
| Common Shares | Aug 21, 2017 | S | 5,000 | $8.089 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Common Shares)F1,F2 | — | Aug 18, 2017 | J | 7,500 | D | — | Jul 15, 2017 | Common Shares | 7,500 | 0 | D |
| Options (Common Shares)F3 | $4.00 | Aug 21, 2017 | M | 3,063 | D | — | Jul 7, 2018 | Common Shares | 3,063 | 0 | D |
| Options (Common Shares)F4 | $3.80 | Aug 21, 2017 | M | 5,000 | D | — | Jul 1, 2020 | Common Shares | 5,000 | 0 | D |
Explanation of responses
- F1Represents 7,500 unexercised and out-of-the-money stock options previously granted to Ms. Touray that expired on August 18, 2017. The expiry date for such options had been extended in accordance with the 2006 Equity Incentive Plan, to August 18, 2017 as a result of the original expiry date of July 15, 2017 coinciding with a black-out period for the Issuer.
- F27,500 stock options to purchase Common Shares of the Company were granted to Ms. Touray on July 15, 2010. 468 options vested on October 15, 2010 and vested in approximately equal installments every three months thereafter until July 15, 2014.
- F33,063 stock options to purchase Common Shares of the Company were granted to Ms. Touray on July 7, 2011. 437 options vested on October 7, 2011 and vested in equal installments every three months thereafter until July 7, 2015.
- F45,000 stock options to purchase Common Shares of the Company were granted to Ms. Touray on July 1, 2013. 312 options vested on October 1, 2013 and are scheduled to vest in approximately equal installments every three months thereafter until July 1, 2017.