SEC Form 4 · accession 0001127602-18-025774
MITEL NETWORKS CORP · MITL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Ball
Director
Period of report
May 9, 2018
Accepted (ET)
Aug 20, 2018 · 2:50 pm EDT
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,F2 | Aug 6, 2018 | M | 1,637 | — | A | 28,216 | 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,F3 | — | May 9, 2018 | A | 14,500 | A | — | — | Common Shares | 14,500 | 14,500 | D |
| Restricted Stock UnitsF1,F2 | — | May 9, 2018 | A | 1,637 | A | — | — | Common Shares | 1,637 | 3,274 | D |
| Restricted Stock UnitsF1,F2 | — | Aug 6, 2018 | M | 1,637 | D | — | — | Common Shares | 1,637 | 1,637 | D |
Explanation of responses
- F1The late filing of this equity award is due to a clerical error.
- F2Represents 1,637 Common Shares underlying 1,637 RSUs granted on May 9, 2018. These RSUs vest immediately. As the Corporation was in a black-out period, the immediate vesting of the RSUs (as per the approved compensation package) was deferred until the next open trade window.
- F3Represents 14,500 Common Shares underlying 14,500 Restricted Stock Units ("RSUs") granted to Mr. Ball on May 9, 2018. These RSUs will vest on December 31, 2018.