SEC Form 4 · accession 0001209191-18-035932
Mimecast Ltd · MIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert P Nault
Officer — Sr. Vice President and GC
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 7:13 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 |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Jun 1, 2018 | M | 12,000 | $19.28 | A | 12,000 | D | |
| Ordinary SharesF2 | Jun 1, 2018 | S | 12,000 | $44.2881 | D | 0 | D | |
| Restricted Share UnitsF3,F4 | holding | — | — | — | 5,000 | 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 BuyF5 | $19.28 | Jun 1, 2018 | M | 12,000 | D | — | Oct 1, 2026 | Ordinary Shares | 12,000 | 148,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.00 - $44.80, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Each restricted share unit represents a contingent right to receive one share of the Issuer's ordinary shares.
- F4These restricted share units were granted on April 2, 2018. Twenty-five percent (25%) of the units vest on April 2, 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 date.
- F5This option was granted on October 3, 2016. Twenty-five percent (25%) of the shares vested on October 3, 2017 and the remainder of the shares vest on a quarterly basis over the next three (3) years, provided that the Reporting Person remains an employee of the Issuer on such vesting date.