SEC Form 4 · accession 0001127602-18-010131
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
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:01 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 | 54,250 | — | A | 352,831 | D | |
| Common SharesF2 | Mar 2, 2018 | S | 20,436 | $8.0278 | D | 332,395 | 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 | 54,250 | D | — | Mar 1, 2024 | Common Shares | 54,250 | 162,750 | D |
Explanation of responses
- F1Represents 217,000 Common Shares underlying 217,000 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.