SEC Form 4 · accession 0001127602-16-059946
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bharath Oruganti
Officer — SVP Services and Operations
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 6:09 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 5, 2016 | M | 3,125 | $6.73 | A | 36,724 | D | |
| Common Stock | Aug 5, 2016 | M | 7,500 | $4.02 | A | 44,224 | D | |
| Common Stock | Aug 5, 2016 | S | 10,625 | $8.50 | D | 33,599 | D | |
| Common Stock | Aug 5, 2016 | S | 2,500 | $8.50 | D | 31,099 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $6.73 | Aug 5, 2016 | M | 3,125 | D | Nov 14, 2012 | Nov 14, 2021 | Common Stock | 3,125 | 9,375 | D |
| Employee Stock Option (Right to Buy)F3 | $4.02 | Aug 5, 2016 | M | 7,500 | D | Sep 11, 2013 | Sep 11, 2022 | Common Stock | 7,500 | 22,500 | D |
Explanation of responses
- F1Cashless exercise and sale pursuant to a previously-filed 10b5-1 sales plan.
- F2Sale pursuant to a previously-filed 10b5-1 sales plan.
- F3Option grant vests at the rate of 25% on the first anniversary date of the grant, and 1/48th monthly thereafter over the next three years.