SEC Form 4 · accession 0001127602-17-026231
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 18, 2017
Accepted (ET)
Aug 22, 2017 · 6:59 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 18, 2017 | M | 12,500 | $0.00 | A | 75,676 | D | |
| Common StockF2 | Aug 18, 2017 | F | 4,622 | $7.45 | D | 71,054 | D | |
| Common StockF1 | Aug 21, 2017 | M | 6,250 | $0.00 | A | 77,304 | D | |
| Common StockF2 | Aug 21, 2017 | F | 2,311 | $7.45 | D | 74,993 | 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 18, 2017 | M | 12,500 | D | Aug 18, 2017 | Aug 18, 2026 | Common Stock | 12,500 | 37,500 | D |
| Restricted Stock UnitF3 | $0.00 | Aug 21, 2017 | M | 6,250 | D | Aug 21, 2016 | Aug 21, 2025 | Common Stock | 6,250 | 12,500 | 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.