SEC Form 4 · accession 0001209191-19-012319
Mimecast Ltd · MIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janet Bishop-Levesque
Officer — SVP, Systems, Risk & Security
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 7:42 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 19, 2019 | M | 5,000 | $28.23 | A | 5,000 | D | |
| Ordinary SharesF1 | Feb 19, 2019 | S | 5,000 | $47.745 | D | 0 | D | |
| Restricted Share UnitsF2,F3 | holding | — | — | — | 4,000 | 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 | $28.23 | Feb 19, 2019 | M | 5,000 | D | — | Jan 2, 2028 | Ordinary Shares | 5,000 | 75,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.64 - $47.91, 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.
- 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 January 2, 2018. This option vests as follows: 20,000 shares vest on January 2, 2019, thereafter the remaining 60,000 shares vest on a quarterly basis in increments of 5,000 shares each quarter thereafter, 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).