SEC Form 4 · accession 0001127602-17-027370
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
Sep 11, 2017
Accepted (ET)
Sep 13, 2017 · 11:40 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 SharesF1 | Sep 11, 2017 | M | 80,000 | $5.16 | A | 347,647 | D | |
| Common SharesF1,F2 | Sep 11, 2017 | D | 80,000 | $7.98 | D | 267,647 | D | |
| Common SharesF1 | Sep 12, 2017 | M | 50,000 | $5.16 | A | 317,647 | D | |
| Common SharesF1,F3 | Sep 12, 2017 | D | 50,000 | $8.12 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Common Shares)F1,F4 | $5.16 | Sep 11, 2017 | M | 80,000 | D | — | Jan 19, 2018 | Common Shares | 80,000 | 362,750 | D |
| Options (Common Shares)F1,F4 | $5.16 | Sep 12, 2017 | M | 50,000 | D | — | Jan 19, 2018 | Common Shares | 50,000 | 312,750 | D |
Explanation of responses
- F1Transaction made pursuant to duly adopted trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2This transaction was executed in multiple trades at prices ranging from $7.95 to $8.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $8.10 to $8.14. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4892,575 stock options to purchase Common Shares of the Company were granted to Mr. McBee on January 19, 2011. 61,551 options vested on April 19, 2011 and vested in approximately equal installments every three months thereafter until January 19, 2015.