SEC Form 4 · accession 0001127602-15-022696
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Petts
Officer — SVP, Worldwide Sales
Period of report
Jul 9, 2015
Accepted (ET)
Jul 10, 2015 · 6:56 pm EDT
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 Stock | Jul 9, 2015 | M | 16,666 | $0.00 | A | 41,765 | D | |
| Common StockF1 | Jul 9, 2015 | F | 6,162 | $7.00 | D | 35,603 | 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 | $0.00 | Jul 9, 2015 | M | 16,666 | D | Jul 9, 2013 | — | Common Stock | 16,666 | 0 | D |
Explanation of responses
- F1Shares withheld to cover taxes on RSU shares released July 9, 2015.
- F2RSU vests as to one-third of the shares on 07/09/2013, and vests one-third on the two year anniversary, and the final one-third on the three year anniversary.