SEC Form 4 · accession 0001127602-15-000539
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Kissner
Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 3:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001388133
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2014 | A | 3,531 | $0.00 | A | 100,977 | D | |
| Common StockF1 | Jan 1, 2015 | M | 1,583 | $0.00 | A | 102,560 | 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 UnitF2,F3 | $0.00 | Jan 1, 2015 | M | 1,583 | D | Jun 1, 2013 | — | Common Stock | 1,583 | 4,751 | D |
Explanation of responses
- F1Shares acquired upon the immediate vesting of the Restricted Stock granted December 31, 2014 pursuant to the Company's non-employee director compensation guidelines, under which non-employee directors may elect to receive a fully-vested award of Common Stock in lieu of a cash retainer. For more information, please refer to the Current Report on Form 8-K dated February 12, 2008.
- F2Each RSU represents the right, at settlement, to receive (1) one share of common stock.
- F3RSU grant is fully vested as to 3,166 shares on the date of grant and vests monthly thereafter for the following twenty-two months as long as Mr. Kissner continues to provide services as a board member.