SEC Form 4 · accession 0001127602-17-028245

ShoreTel Inc · SHOR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CFO

Period of report

Sep 25, 2017

Accepted (ET)

Sep 27, 2017 · 5:03 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 Stock^F1	Sep 25, 2017	D	37,131	$0.00	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Non-qualified Stock Option (Right to Buy)^F2	$5.08	Sep 25, 2017	D	100,000	D	May 6, 2010	May 6, 2018	Common Stock	100,000	D
Non-qualified Stock Option (Right to Buy)^F2	$4.55	Sep 25, 2017	D	50,000	D	Aug 17, 2011	Aug 17, 2020	Common Stock	50,000	D
Stock Option - Performance Award^F2	$4.14	Sep 25, 2017	D	45,000	D	Aug 24, 2013	Aug 24, 2022	Common Stock	45,000	D
Non-qualified Stock Option (Right to Buy)^F2	$4.44	Sep 25, 2017	D	50,000	D	Aug 15, 2014	Aug 15, 2023	Common Stock	50,000	D
Non-qualified Stock Option (Right to Buy)^F2,F3	$6.61	Sep 25, 2017	D	85,000	D	Aug 15, 2015	Aug 15, 2024	Common Stock	85,000	D
Non-qualified Stock Option (Right to Buy)^F2,F3	$7.35	Sep 25, 2017	D	85,000	D	Aug 21, 2016	Aug 21, 2025	Common Stock	85,000	D
Restricted Stock Unit^F2,F4	$0.00	Sep 25, 2017	D	6,250	D	Aug 15, 2015	Aug 15, 2024	Common Stock	6,250	D
Restricted Stock Unit^F2,F4	$0.00	Sep 25, 2017	D	12,500	D	Aug 21, 2016	Aug 21, 2025	Common Stock	12,500	D
Restricted Stock Unit^F2,F4	$0.00	Sep 25, 2017	D	37,500	D	Aug 18, 2017	Aug 18, 2026	Common Stock	37,500	D

F1Following the acquisition of ShoreTel, Inc. by Mitel Networks Corporation, shares of ShoreTel, Inc. common stock were subject to a tender offer of $7.50 per share.
F2Following the acqusition of ShoreTel, Inc. by Mitel Networks Corporation, all vested and exercisable options and all vested RSUs were cancelled. The holder received the right to a cash payment equal to $7.50 per share, minus exercise price and applicable taxes.
F3Originally scheduled to vest at the rate of 25% on the first anniversary date of the grant and 1/48th per month thereafter. Vesting was accelerated pursuant to the ShoreTel, Inc. 2007 and/or 2015 Equity Incentive Plan, a Retention or Employment Agreement and the Agreement and Plan of Merger by and among Mitel HS Holdings, Inc., Shelby Acquisition Corporation, ShoreTel, In. and Mitel Networks Corporation dated as of July 26, 2017.
F4Originally scheduled to vest at the rate of 25% a year over 4 years, on the anniversary date of the grant. Vesting was accelerated pursuant to the ShoreTel, Inc. 2007 and/or 2015 Equity Incentive Plan, a Retention or Employment Agreement and the Agreement and Plan of Merger by and among Mitel HS Holdings, Inc., Shelby Acquisition Corporation, ShoreTel, In. and Mitel Networks Corporation dated as of July 26, 2017.