SEC Form 4 · accession 0001127602-18-010470
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Anthony Bellomo
Officer — See Remarks
Period of report
Feb 28, 2018
Accepted (ET)
Mar 7, 2018 · 1:04 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 Shares | Mar 5, 2018 | M | 775 | $0.00 | A | 7,499 | D | |
| Common Shares | Mar 5, 2018 | M | 1,500 | $0.00 | A | 8,999 | D | |
| Common SharesF1 | Mar 6, 2018 | S | 1,073 | $8.0086 | D | 7,926 | 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 UnitsF3,F2 | — | Feb 28, 2018 | A | 20,000 | A | — | — | Common Shares | 20,000 | 20,000 | D |
| Options (Common Shares)F4 | $9.70 | Mar 5, 2018 | M | 775 | D | — | Mar 5, 2022 | Common Shares | 775 | 3,300 | D |
| Restricted Stock UnitsF5 | $0.00 | Mar 5, 2018 | M | 1,500 | D | — | Mar 4, 2023 | Common Shares | 1,500 | 4,500 | D |
Explanation of responses
- F1Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the vesting of RSUs and the exercise of stock options.
- F2Represents 20,000 Common Shares underlying 20,000 RSUs granted on February 28, 2018. These RSUs vest in four equal installments annually starting February 28, 2019.
- F3The late filing of this equity award is due to a clerical error.
- F43,300 stock options to purchase common shares ("Common Shares") of Mitel Networks Corporation (the "Company") were granted to Mr. Bellomo on March 5, 2015. 206 options vested on June 5, 2015 and are scheduled to vest in approximately equal installments every three months thereafter until March 5, 2019.
- F5Represents 6,000 Common Shares underlying 6,000 Restricted Stock Units ("RSUs") granted to Mr. Bellomo on March 4, 2016. These RSUs will vest as follows: (i) 1,500 of the RSUs will vest on March 4, 2017; (ii) 1,500 of the RSUs will vest on March 4, 2018; (iii) 1,500 of the RSUs will vest on March 4, 2019; and (iv) 1,500 of the RSUs will vest on March 4, 2020.