SEC Form 4 · accession 0001127602-17-028267
ShoreTel Inc · SHOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Kissner
Director
Period of report
Sep 25, 2017
Accepted (ET)
Sep 27, 2017 · 6:04 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 | Sep 25, 2017 | D | 140,181 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F2 | $6.64 | Sep 25, 2017 | D | 1,667 | D | Dec 4, 2009 | Nov 4, 2019 | Common Stock | 1,667 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $6.09 | Sep 25, 2017 | D | 10,000 | D | Dec 3, 2010 | Nov 3, 2020 | Common Stock | 10,000 | 0 | D |
| Restricted Stock UnitF2,F3 | $0.00 | Sep 25, 2017 | D | 13,500 | D | Nov 9, 2017 | Nov 9, 2026 | Common Stock | 13,500 | 0 | D |
Explanation of responses
- 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 100% on the anniversary date of the grant. Vesting was accelerated pursuant to the ShoreTel, Inc. 2015 Equity Incentive Plan.