SEC Form 4 · accession 0001127602-16-061827
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, 2016
Accepted (ET)
Sep 2, 2016 · 6:17 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 31, 2016 | M | 500 | $0.00 | A | 8,520 | D | |
| Common StockF2 | Aug 31, 2016 | F | 188 | $8.02 | D | 8,332 | 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 | $0.00 | Aug 31, 2016 | A | 4,200 | A | Aug 31, 2017 | Aug 31, 2026 | Common Stock | 4,200 | 4,200 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $8.02 | Aug 31, 2016 | A | 6,800 | A | Aug 31, 2017 | Aug 31, 2026 | Common Stock | 6,800 | 6,800 | D |
| Restricted Stock UnitF5,F3 | $0.00 | Aug 31, 2016 | M | 500 | D | Aug 31, 2016 | Aug 31, 2025 | Common Stock | 500 | 1,500 | D |
Explanation of responses
- F1Upon vest RSUs converted into common stock on a one-for-one basis.
- F2Shares withheld for taxes at vest.
- F3RSU grant vests at the rate of 25% a year over 4 years, on the anniversary date of the grant.
- F4The option vests 25% a year on the first anniversary date, and 1/48th per month thereafter.
- F5Each RSU represents the right, at settlement, to receive (1) one share of common stock.