SEC Form 4 · accession 0001127602-17-025970
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Petts
Officer — SVP, Worldwide Sales
Period of report
Aug 15, 2017
Accepted (ET)
Aug 17, 2017 · 5:54 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 15, 2017 | M | 6,250 | $0.00 | A | 61,548 | D | |
| Common StockF2 | Aug 15, 2017 | F | 2,311 | $7.50 | D | 65,487 | D | |
| Common StockF1 | Aug 15, 2017 | M | 6,250 | $0.00 | A | 67,798 | D | |
| Common StockF2 | Aug 15, 2017 | F | 2,311 | $7.50 | D | 63,176 | 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 15, 2017 | M | 6,250 | D | Aug 15, 2014 | Aug 15, 2023 | Common Stock | 6,250 | 0 | D |
| Restricted Stock UnitF3 | $0.00 | Aug 15, 2017 | M | 6,250 | D | Aug 15, 2015 | Aug 15, 2024 | Common Stock | 6,250 | 6,250 | D |
Explanation of responses
- F1Upon vest RSUs convert into shares of 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.