SEC Form 4 · accession 0001127602-18-010486
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Brinton
Officer — See Remarks
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 3:04 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 | 10,125 | $0.00 | A | 76,839 | D | |
| Common Shares | Mar 5, 2018 | M | 9,875 | $0.00 | A | 86,714 | D | |
| Common SharesF1 | Mar 6, 2018 | S | 5,997 | $8.0086 | D | 80,717 | 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 UnitsF2 | $0.00 | Mar 5, 2018 | M | 10,125 | D | — | — | Common Shares | 10,125 | 20,250 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 5, 2018 | M | 9,875 | D | — | — | Common Shares | 9,875 | 9,875 | D |
Explanation of responses
- F1Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the vesting of RSUs
- F2Represents 40,500 Common Shares underlying 40,500 Restricted Stock Units ("RSUs") granted to Mr. Brinton on March 4, 2016. These RSUs will vest as follows: (i) 10,125 of the RSUs will vest on March 4, 2017; (ii) 10,125 of the RSUs will vest on March 4, 2018; (iii) 10,125 of the RSUs will vest on March 4, 2019; and (iv) 10,125 of the RSUs will vest on March 4, 2020.
- F3Represents 29,625 Common Shares underlying 29,625 RSUs granted to Mr. Brinton on March 5, 2015. These RSUs will vest as follows: (i) 9,875 of the RSUs will vest on March 5, 2017; (ii) 9,875 of the RSUs will vest on March 5, 2018; and (iii) 9,875 of the RSUs will vest on March 5, 2019.