SEC Form 4 · accession 0001209191-18-056089
Mimecast Ltd · MIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hagi Schwartz
Director
Period of report
Oct 23, 2018
Accepted (ET)
Oct 24, 2018 · 5:36 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 SharesF3 | Oct 23, 2018 | S | 278 | $35.486 | D | 2,082 | D | |
| Ordinary SharesF4 | holding | — | — | — | 25,225 | I | By Schwartz Family Trust | |
| Restricted Share UnitsF5,F6 | holding | — | — | — | 710 | D | ||
| Restricted Share UnitsF5,F7 | holding | — | — | — | 4,221 | D |
Table II — derivative securities
No Table II lines on this filing.
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 May 20, 2018.
- F2These shares were sold by the Reporting Person to satisfy personal tax withholding requirements associated with the vesting of restricted share units.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.45 - $35.54, 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.
- F4These shares are held by the Schwartz Family Trust (the "Trust"). The Reporting Person is a beneficiary of the shares held by the Trust and is the sole Trustee of the Trust.
- F5Each restricted share unit represents a contingent right to receive one share of the Issuer's ordinary shares.
- F6Represents shares underlying unvested restricted share units that were granted on November 19, 2015. The terms of the original grant of 25,000 restricted share units provide that the units vest monthly, over a three year period, in substantially equal amounts, provided that the Reporting Person remains a director of the Issuer on such vesting date.
- F7These restricted share units were granted on October 4, 2018, and vest in full on the one year anniversary of the date of grant, provided that the Reporting Person remains a director 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).