SEC Form 4 · accession 0001127602-17-026965
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, 2017
Accepted (ET)
Sep 5, 2017 · 4:33 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, 2017 | M | 500 | $0.00 | A | 9,619 | D | |
| Common StockF2 | Aug 31, 2017 | F | 188 | $7.45 | D | 9,431 | D | |
| Common StockF1 | Aug 31, 2017 | M | 1,050 | $0.00 | A | 10,481 | D | |
| Common StockF2 | Aug 31, 2017 | F | 395 | $7.45 | D | 10,086 | 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, 2017 | M | 500 | D | Aug 31, 2016 | Aug 31, 2025 | Common Stock | 500 | 1,000 | D |
| Restricted Stock UnitF3 | $0.00 | Aug 31, 2017 | M | 1,050 | D | Aug 31, 2017 | Aug 31, 2026 | Common Stock | 1,050 | 3,150 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $7.45 | Aug 31, 2017 | A | 4,800 | A | Aug 31, 2018 | Aug 31, 2027 | Common Stock | 4,800 | 4,800 | D |
| Restricted Stock UnitF5,F3 | $0.00 | Aug 31, 2017 | A | 4,500 | A | Aug 31, 2018 | Aug 31, 2027 | Common Stock | 4,500 | 4,500 | 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.
- F4The option vests at the rate of 25% a year over 4 years, and 1/48th per month thereafter.
- F5Each RSU represents the right, at settlement, to receive (1) one share of common stock.