SEC Form 4 · accession 0001127602-16-061481
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith A Jones
Officer — Principal Accounting Officer
Period of report
Aug 31, 2015
Accepted (ET)
Aug 30, 2016 · 4:26 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 StockF1 | Aug 17, 2016 | M | 500 | $0.00 | A | 7,407 | D | |
| Common StockF1 | Aug 26, 2016 | M | 462 | $0.00 | A | 7,685 | D | |
| Common StockF1 | Aug 29, 2016 | M | 800 | $0.00 | A | 8,315 | D | |
| Common StockF2 | Aug 17, 2016 | F | 184 | $8.02 | D | 7,223 | D | |
| Common StockF2 | Aug 26, 2016 | F | 170 | $7.98 | D | 7,515 | D | |
| Common StockF2 | Aug 29, 2016 | F | 295 | $8.00 | D | 8,020 | 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 UnitF3,F4 | $0.00 | Aug 31, 2015 | A | 2,000 | A | Aug 31, 2016 | Aug 31, 2025 | Common Stock | 2,000 | 2,000 | D |
| Non-qualified Stock Option (Right to Buy)F5 | $7.44 | Aug 31, 2015 | A | 10,000 | A | Aug 31, 2016 | Aug 31, 2025 | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitF4 | $0.00 | Aug 17, 2016 | M | 500 | D | Aug 17, 2013 | Aug 17, 2022 | Common Stock | 500 | 0 | D |
| Restricted Stock UnitF4 | $0.00 | Aug 26, 2016 | M | 462 | D | Aug 26, 2014 | Aug 26, 2023 | Common Stock | 462 | 462 | D |
| Restricted Stock UnitF4 | $0.00 | Aug 29, 2016 | M | 800 | D | Aug 29, 2015 | Aug 29, 2024 | Common Stock | 800 | 1,600 | D |
Explanation of responses
- F1Upon vest RSUs converted into common stock on a one-for-one basis.
- F2Shares withheld for taxes at vest.
- F3Each RSU represents the right, at settlement, to receive (1) one share of common stock.
- F4RSU grant vests at the rate of 25% a year over 4 years, on the anniversary date of the grant.
- F5The option vests at 25% a year on the first anniversary date and 1/48th per month thereafter.