SEC Form 4 · accession 0001127602-15-025844
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pankaj Malhotra
Officer — Chief Technical Officer
Period of report
Aug 21, 2015
Accepted (ET)
Aug 25, 2015 · 6:46 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Aug 21, 2015 | A | 12,000 | A | Aug 21, 2016 | Aug 21, 2025 | Common Stock | 12,000 | 12,000 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $7.35 | Aug 21, 2015 | A | 45,000 | A | Aug 21, 2016 | Aug 21, 2025 | Common Stock | 45,000 | 45,000 | D |
Explanation of responses
- F1RSU vests as to 25% of the shares on 08/21/2016, and vests 25% on the two year anniversary, vests 25% on the three year anniversary, and the final 25% on the four-year anniversary.
- F2Each RSU represents the right, at settlement, to receive (1) one share of common stock.
- F3Option vests as to 25% on 8/21/2016, and vests as to 1/48th of the shares each month over the next three years, thereafter.