SEC Form 4 · accession 0001127602-15-023711
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugenia Corrales
Officer — Sr. VP of Product
Period of report
Jul 28, 2015
Accepted (ET)
Jul 29, 2015 · 7:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001388133
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F1 | $6.85 | Jul 28, 2015 | A | 200,000 | A | Jul 28, 2016 | Jul 28, 2025 | Common Stock | 200,000 | 200,000 | D |
| Restricted Stock UnitF2,F3 | $0.00 | Jul 28, 2015 | A | 30,000 | A | Jul 28, 2016 | Jul 28, 2025 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Option vests as to 25% of the shares on 07/28/2016, and vests 1/48 of the shares each month over the next three years therafter.
- F2RSU vests as to 25% of the shares on 07/28/2016, and vests 25% on the two year anniversary, vests 25% on the three year anniversary, and the final 25% on the four-year anniversary.
- F3Each RSU represents the right, at settlement, to receive (1) one share of common stock.