4//SEC Filing
McCarthy Michael William 4
Accession 0000899243-18-030109
CIK 0001170534other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 8:37 PM ET
Size
24.3 KB
Accession
0000899243-18-030109
Insider Transaction Report
Form 4
McCarthy Michael William
See Remarks
Transactions
- Disposition to Issuer
Options (Common Shares)
2018-11-30−7,500→ 0 totalExercise: $10.11From: 2018-04-03Exp: 2021-04-03→ Common Shares (7,500 underlying) - Other
Restricted Stock Units
2018-11-30−1,939→ 0 totalExercise: $0.00→ Common Shares (1,939 underlying) - Other
Restricted Stock Units
2018-11-30−3,250→ 0 totalExercise: $0.00→ Common Shares (3,250 underlying) - Other
Restricted Stock Units
2018-11-30−11,250→ 0 totalExercise: $0.00→ Common Shares (11,250 underlying) - Other
Restricted Stock Units
2018-11-30−750→ 0 totalExercise: $0.00→ Common Shares (750 underlying) - Other
Restricted Stock Units
2018-11-30−25,000→ 0 totalExercise: $0.00→ Common Shares (25,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−20,000→ 0 totalExercise: $5.91From: 2017-09-27Exp: 2020-09-27→ Common Shares (20,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−7,218→ 0 totalExercise: $9.70Exp: 2022-03-05→ Common Shares (7,218 underlying) - Disposition to Issuer
Common Shares
2018-11-30$11.15/sh−8,968$99,993→ 0 total
Footnotes (10)
- [F1]On November 30, 2018 (the "Closing Date"), MLN AcquisitionCo ULC (the "Purchaser") acquired all of the outstanding common shares of Mitel Networks Corporation (the "Issuer") under a plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"), and Issuer became a wholly owned subsidiary of the Purchaser, an entity currently owned and controlled by funds affiliated with Searchlight Capital Partners, L.P., a private equity investment group.
- [F10]The RSUs, which were unvested, were cancelled upon resignation of the reporting person.
- [F2]Pursuant to the Plan of Arrangement, each common share was transferred to the Purchaser in exchange for the right to receive US$11.15 in cash, without interest and less any applicable withholding taxes.
- [F3]8,250 options to purchase common shares (the "Options") were granted on March 5, 2015. 1,032 Options, which were unvested, were cancelled upon resignation of the reporting person. The remaining 7,218 Options, which were vested, were cancelled on November 30, 2018 in exchange for the right to receive an amount equal to the excess, if any, of US$11.15 over the exercise price of such option, less any applicable withholding taxes, pursuant to the Plan of Arrangement.
- [F4]Pursuant to the Plan of Arrangement, Options were cancelled in exchange for the right to receive an amount equal to the excess, if any, of US$11.15 over the exercise price of such option, less any applicable withholding taxes
- [F5]Represents 1,939 common shares underlying 1,939 restricted stock units (each an "RSU") granted on March 5, 2015.
- [F6]Represents 3,250 common shares underlying 3,250 RSUs granted on March 4, 2016.
- [F7]Represents 11,250 common shares underlying 11,250 RSUs granted on March 1, 2017.
- [F8]Represents 750 common shares underlying 750 RSUs granted on April 7, 2017.
- [F9]Represents 25,000 common shares underlying 25,000 RSUs granted on February 28, 2018.
Documents
Issuer
MITEL NETWORKS CORP
CIK 0001170534
Entity typeother
Related Parties
1- filerCIK 0001692576
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 8:37 PM ET
- Size
- 24.3 KB