Statement of Changes in Beneficial Ownership (4)
September 27 2017 - 5:29PM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Petts David
|
2. Issuer Name
and
Ticker or Trading Symbol
ShoreTel Inc
[
SHOR
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
SVP Worldwide Sales
|
(Last)
(First)
(Middle)
960 STEWART DRIVE
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/25/2017
|
(Street)
SUNNYVALE, CA 94085
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock
|
9/25/2017
|
|
D
|
|
74993
|
D
|
$0
|
0
(1)
|
D
|
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Non-qualified Stock Option (Right to Buy)
|
$4.31
|
9/25/2017
|
|
D
|
|
|
250000
|
7/9/2013
|
7/9/2022
|
Common Stock
|
250000
|
$0
|
0
(2)
|
D
|
|
Non-qualified Stock Option (Right to Buy)
|
$4.44
|
9/25/2017
|
|
D
|
|
|
50000
|
8/15/2014
|
8/15/2023
|
Common Stock
|
50000
|
$0
|
0
(2)
|
D
|
|
Non-qualified Stock Option (Right to Buy)
|
$6.61
|
9/25/2017
|
|
D
|
|
|
90000
|
8/15/2015
(3)
|
8/15/2024
|
Common Stock
|
90000
|
$0
|
0
(2)
|
D
|
|
Non-qualified Stock Option (Right to Buy)
|
$7.35
|
9/25/2017
|
|
D
|
|
|
85000
|
8/21/2016
(3)
|
8/21/2025
|
Common Stock
|
85000
|
$0
|
0
(2)
|
D
|
|
Restricted Stock Unit
|
$0
|
9/25/2017
|
|
D
|
|
|
6250
|
8/15/2015
(4)
|
8/15/2024
|
Common Stock
|
6250
|
$0
|
0
(2)
|
D
|
|
Restricted Stock Unit
|
$0
|
9/25/2017
|
|
D
|
|
|
12500
|
8/21/2016
(4)
|
8/21/2025
|
Common Stock
|
12500
|
$0
|
0
(2)
|
D
|
|
Restricted Stock Unit
|
$0
|
9/25/2017
|
|
D
|
|
|
37500
|
8/18/2017
(4)
|
8/18/2026
|
Common Stock
|
37500
|
$0
|
0
(2)
|
D
|
|
Explanation of Responses:
|
(1)
|
Following the acquisition of ShoreTel, Inc. by Mitel Networks Corporation, shares of ShoreTel, Inc. common stock were subject to a tender offer of $7.50 per share.
|
(2)
|
Following the acqusition of ShoreTel, Inc. by Mitel Networks Corporation, all vested and exercisable options and all vested RSUs were cancelled. The holder received the right to a cash payment equal to $7.50 per share, minus exercise price and applicable taxes.
|
(3)
|
Originally scheduled to vest at the rate of 25% on the first anniversary date of the grant and 1/48th per month thereafter. Vesting was accelerated pursuant to the ShoreTel, Inc. 2007 and/or 2015 Equity Incentive Plan, a Retention or Employment Agreement and the Agreement and Plan of Merger by and among Mitel HS Holdings, Inc., Shelby Acquisition Corporation, ShoreTel, In. and Mitel Networks Corporation dated as of July 26, 2017.
|
(4)
|
Originally scheduled to vest at the rate of 25% a year over 4 years, on the anniversary date of the grant. Vesting was accelerated pursuant to the ShoreTel, Inc. 2007 and/or 2015 Equity Incentive Plan, a Retention or Employment Agreement and the Agreement and Plan of Merger by and among Mitel HS Holdings, Inc., Shelby Acquisition Corporation, ShoreTel, In. and Mitel Networks Corporation dated as of July 26, 2017.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Petts David
960 STEWART DRIVE
SUNNYVALE, CA 94085
|
|
|
SVP Worldwide Sales
|
|
Signatures
|
/s/ Allen Seto, attorney-in-fact for Mr. Petts
|
|
9/27/2017
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
Shoretel, Inc. (NASDAQ:SHOR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Shoretel, Inc. (NASDAQ:SHOR)
Historical Stock Chart
From Oct 2023 to Oct 2024