SEC Form 4 · accession 0001127602-18-010500

MITEL NETWORKS CORP · MITL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Human Resources Officer

Period of report

Feb 28, 2018

Accepted (ET)

Mar 7, 2018 · 3:25 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
Common Shares	Mar 5, 2018	M	15,188	$0.00	A	20,769	D
Common Shares	Mar 5, 2018	M	9,875	$0.00	A	30,644	D
Common Shares	Mar 6, 2018	S	344	$8.00	D	30,300	D
Common Shares	Mar 6, 2018	S	100	$8.0039	D	30,200	D
Common Shares	Mar 6, 2018	S	200	$8.0096	D	30,000	D
Common Shares^F1	Mar 6, 2018	S	6,243	$8.0086	D	23,757	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F2	—	Feb 28, 2018	A	31,174	A	—	—	Common Shares	31,174	31,174	D
Performance Share Units^F5,F4	—	Feb 28, 2018	A	31,174	A	—	Feb 28, 2021	Common Shares	31,174	31,174	D
Restricted Stock Units^F6	$0.00	Mar 5, 2018	M	15,188	D	—	—	Common Shares	15,188	30,375	D
Restricted Stock Units^F7	—	Mar 5, 2018	M	9,875	D	—	—	Common Shares	9,875	41,000	D

F1Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the vesting of RSUs.
F2Represents 31,174 Common Shares underlying 31,174 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.
F4Date exercisable for PSUs will vary for each vesting tranche based on achievement of share price performance milestones. The PSUs will expire three years from the date of grant.
F5The late filing of this equity award is due to a clerical error.
F6Represents 60,750 Common Shares underlying 60,750 Restricted Stock Units ("RSUs") granted to Mr. Lokar on March 4, 2016. These RSUs will vest as follows: (i) 15,187 of the RSUs will vest on March 4, 2017; (ii) 15,188 of the RSUs will vest on March 4, 2018; (iii) 15,187 of the RSUs will vest on March 4, 2019; and (iv) 15,188 of the RSUs will vest on March 4, 2020.
F7Represents 29,625 Common Shares underlying 29,625 RSUs granted to Mr. Lokar 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.