SEC Form 4 · accession 0001127602-18-031811

MITEL NETWORKS CORP · MITL

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

Reporting owner

Officer — Chairman of the Board · Director

Period of report

Oct 31, 2018

Accepted (ET)

Nov 2, 2018 · 3:07 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 Shares^F1	Oct 31, 2018	M	2,846	—	A	60,076	D
Common Shares^F2,F3	holding	—	—		—	1,766,690	I	Wesley Clover International Corporation

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1	—	Oct 31, 2018	A	2,846	A	—	—	Common Shares	2,846	2,846	D
Restricted Stock Units^F1	—	Oct 31, 2018	M	2,846	D	—	—	Common Shares	2,846	0	D

F1Represents 2,846 Common Shares underlying 2,846 RSUs granted on October 31, 2018. These RSUs vest immediately subject to any black-out periods.
F2Dr. Matthews owns 100% of the outstanding voting shares of 4293711 Canada Inc. ("4293711 Canada") which in turn owns 99.9% of the outstanding voting shares of Wesley Clover International Corporation ("WCIC") (the remaining 0.01% of the outstanding voting shares of WCIC are owned by the Matthews Family Trust, of which Dr. Matthews is one of three trustees).
F3Pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of Dr. Matthews and 4293711 Canada may be deemed the beneficial owner of all of the common shares (the "Common Shares") of Mitel Networks Corporation (the "Company") beneficially owned by WCIC. The filing of this Form 4 shall not be construed as an admission that the Reporting Persons share beneficial ownership of these shares, and the Reporting Persons expressly disclaim such beneficial ownership except to the extent of any pecuniary interest therein.