SEC Form 4 · accession 0001209191-18-047647
Mimecast Ltd · MIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Walsh Jr.
Officer — Sr. Vice President,Engineering
Period of report
Aug 16, 2018
Accepted (ET)
Aug 20, 2018 · 5:54 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 SharesF1 | Aug 16, 2018 | M | 6,118 | $24.45 | A | 6,321 | D | |
| Ordinary SharesF2 | Aug 16, 2018 | S | 6,118 | $38.5014 | D | 203 | D | |
| Ordinary Shares | Aug 20, 2018 | M | 3,882 | $24.45 | A | 4,085 | D | |
| Ordinary Shares | Aug 20, 2018 | S | 3,882 | $38.50 | D | 203 | D | |
| Restricted Share UnitsF3,F4 | holding | — | — | — | 3,300 | D | ||
| Restricted Share UnitsF3,F5 | holding | — | — | — | 1,700 | 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)F6 | $24.45 | Aug 16, 2018 | M | 6,118 | D | — | May 1, 2027 | Ordinary Shares | 6,118 | 193,882 | D |
| Share Option (Right to Buy)F6 | $24.45 | Aug 20, 2018 | M | 3,882 | D | — | May 1, 2027 | Ordinary Shares | 3,882 | 190,000 | D |
Explanation of responses
- F1Includes 203 Ordinary Shares issued to the Reporting Person on June 29, 2018 under the Mimecast Limited 2015 Employee Share Purchase Plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.50 - $38.52, 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.
- F5These restricted share units were granted on June 1, 2018. Twenty-five percent (25%) of the units vest on June 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 date.
- F6This option was granted on May 1, 2017. Twenty-five percent (25%) of the shares vested on May 1, 2018 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.
Remarks
Exhibit 24 Power of Attorney (incorporated by reference to Power of Attorney filed as Exhibit 24 to Form 3 filed by the Reporting Person on April 2, 2018).