SEC Form 4 · accession 0001209191-18-027899
Mimecast Ltd · MIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christina Van Houten
Officer — Chief Strategy Officer
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 7:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001644675
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF1,F2 | May 1, 2018 | A | 25,000 | $0.00 | A | 25,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Option (Right to Buy)F3 | $38.05 | May 1, 2018 | A | 125,000 | A | — | May 1, 2028 | Ordinary Shares | 125,000 | 125,000 | D |
Explanation of responses
- F1Each restricted share unit represents a contingent right to receive one share of the Issuer's ordinary shares.
- F2These restricted share units were granted on May 1, 2018. Twenty-five percent (25%) of the units vest on May 1, 2019 and the remainder of the units vest on an annual basis over the next three (3) years, provided that the Reporting Person remains an employee of the Issuer on such vesting dates.
- F3This option was granted on May 1, 2018. Twenty-five (25%) of the shares vest on May 1, 2019 and the remainder vest on a quarterly basis over the next three (3) years, provided the Reporting Person remains an employee of the Issuer on such vesting dates.
Remarks
Exhibit 24 Power of Attorney (incorporated by reference to Power of Attorney filed as Exhibit 24 to Form 3 filed by Reporting Person on April 12, 2018).