SEC Form 4 · accession 0001127602-18-010497
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mahawa Vanessa Touray
Officer — Senior Vice President, Finance
Period of report
Feb 28, 2018
Accepted (ET)
Mar 7, 2018 · 3:20 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 | 7,369 | D | |
| Common Shares | Mar 5, 2018 | M | 1,750 | $0.00 | A | 9,119 | D | |
| Common SharesF1 | Mar 6, 2018 | S | 1,190 | $8.0086 | D | 7,929 | 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 | 45,000 | A | — | — | Common Shares | 45,000 | 45,000 | D |
| Restricted Stock UnitsF4 | $0.00 | Mar 5, 2018 | M | 775 | D | — | Mar 5, 2022 | Common Shares | 775 | 775 | D |
| Restricted Stock UnitsF5 | $0.00 | Mar 5, 2018 | M | 1,750 | D | — | Mar 4, 2023 | Common Shares | 1,750 | 3,500 | D |
Explanation of responses
- F1Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the vesting of RSUs.
- F2Represents 45,000 Common Shares underlying 45,000 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.
- F4Represents 2,325 Common Shares underlying 2,325 RSUs granted to Ms. Touray on March 5, 2015. These RSUs will vest as follows: (i) 775 of the RSUs will vest on March 5, 2017; (ii) 775 of the RSUs will vest on March 5, 2018; and (iii) 775 of the RSUs will vest on March 5, 2019.
- F5Represents 7,000 Common Shares underlying 7,000 Restricted Stock Units ("RSUs") granted to Ms. Touray on March 4, 2016. These RSUs will vest as follows: (i) 1,750 of the RSUs will vest on March 4, 2017; (ii) 1,750 of the RSUs will vest on March 4, 2018; (iii) 1,750 of the RSUs will vest on March 4, 2019; and (iv) 1,750 of the RSUs will vest on March 4, 2020.