SEC Form 4 · accession 0001127602-18-010127
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
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 4:57 pm EST
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 | Mar 1, 2018 | M | 8,000 | — | A | 22,782 | D | |
| Common SharesF2 | Mar 2, 2018 | S | 2,433 | $8.0278 | D | 20,349 | 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 1, 2018 | M | 8,000 | D | — | Mar 1, 2024 | Common Shares | 8,000 | 24,000 | D |
Explanation of responses
- F1Represents 32,000 Common Shares underlying 32,000 RSUs granted on March 1, 2017. These RSUs vest in four equal installments annually starting March 1, 2018.
- F2Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the vesting of RSUs.