SEC Form 4 · accession 0001127602-15-025250
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pankaj Malhotra
Officer — SVP of Engineering
Period of report
Aug 15, 2015
Accepted (ET)
Aug 18, 2015 · 9:12 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 | Aug 15, 2015 | M | 3,750 | $0.00 | A | 5,500 | D | |
| Common StockF1 | Aug 15, 2015 | F | 1,410 | $7.50 | D | 4,090 | 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 | Aug 15, 2015 | M | 3,750 | D | Aug 15, 2015 | Aug 15, 2024 | Common Stock | 3,750 | 11,250 | D |
Explanation of responses
- F1Shares withheld to cover taxes on RSU shares released August 15, 2015.
- F2RSU Grant of 15,000 shares vests as to 25% of the shares on 08/15/2015, and vests 25% on the two year anniversary, vests 25% on the three year anniversary, and the final 25% on the four-year anniversary of the vesting commencement date.