SEC Form 4 · accession 0001127602-16-060757
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 18, 2016
Accepted (ET)
Aug 19, 2016 · 8:14 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 | $8.04 | Aug 18, 2016 | A | 88,000 | A | Aug 18, 2017 | Aug 18, 2026 | Common Stock | 88,000 | 88,000 | D |
| Restricted Stock UnitF2,F3 | $0.00 | Aug 18, 2016 | A | 50,000 | A | Aug 18, 2017 | Aug 18, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The option vests 25% a year on the first anniversary date, and 1/48th per month thereafter.
- F2Each RSU represents the right, at settlement, to receive (1) one share of common stock.
- F3RSU grant vests at the rate of 25% a year over 4 years, on the anniversary date of the grant.