SEC Form 4 · accession 0001127602-17-028265
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Josef Vejvoda
Director
Period of report
Sep 25, 2017
Accepted (ET)
Sep 27, 2017 · 5:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001388133
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Sep 25, 2017 | D | 13,500 | D | Nov 9, 2017 | Nov 9, 2026 | Common Stock | 13,500 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F1,F3 | $7.41 | Sep 25, 2017 | D | 40,000 | D | Nov 1, 2015 | Oct 1, 2025 | Common Stock | 40,000 | 0 | D |
Explanation of responses
- F1Following 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.
- F2Originally scheduled to vest at the rate of 100% on the anniversary date of the grant. Vesting was accelerated pursuant to the ShoreTel, Inc. 2015 Equity Incentive Plan.
- F3Originally scheduled to vest at the rate of 1/48th per month over 4 years. Vesting was accelerated pursuant to the ShoreTel, Inc. 2015 Equity Incentive Plan.