SEC Form 4 · accession 0001209191-19-009804
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
Feb 12, 2019
Accepted (ET)
Feb 13, 2019 · 5:40 pm EST
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 | Feb 12, 2019 | M | 5,000 | $19.28 | A | 5,000 | D | |
| Ordinary Shares | Feb 12, 2019 | S | 5,000 | $47.25 | D | 0 | D | |
| Restricted Share UnitsF2,F3 | 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 Buy)F4 | $19.28 | Feb 12, 2019 | M | 5,000 | D | — | Oct 3, 2016 | Ordinary Shares | 5,000 | 143,000 | 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 September 14, 2018.
- F2Each restricted share unit represents a contingent right to receive one share of the Issuer's ordinary shares.
- F3These 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.
- F4This 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.