4//SEC Filing
Bevington Graham 4
Accession 0000899243-18-030114
CIK 0001170534other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 8:40 PM ET
Size
34.3 KB
Accession
0000899243-18-030114
Insider Transaction Report
Form 4
Bevington Graham
See Remarks
Transactions
- Disposition to Issuer
Options (Common Shares)
2018-11-30−30,000→ 0 totalExercise: $4.22From: 2016-06-26Exp: 2019-06-26→ Common Shares (30,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−82,500→ 0 totalExercise: $7.17Exp: 2023-03-04→ Common Shares (82,500 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−33,750→ 0 totalExercise: $0.00→ Common Shares (33,750 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−15,000→ 0 totalExercise: $9.96From: 2018-08-14Exp: 2021-08-14→ Common Shares (15,000 underlying) - Disposition to Issuer
Common Shares
2018-11-30$11.15/sh−77,957$869,221→ 0 total - Disposition to Issuer
Options (Common Shares)
2018-11-30−30,000→ 0 totalExercise: $3.80From: 2017-07-01Exp: 2020-07-01→ Common Shares (30,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−25,000→ 0 totalExercise: $10.11From: 2018-04-03Exp: 2021-04-03→ Common Shares (25,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−74,300→ 0 totalExercise: $9.70Exp: 2022-03-05→ Common Shares (74,300 underlying) - Disposition to Issuer
Performance Stock Units
2018-11-30−32,000→ 0 totalExercise: $0.00→ Common Shares (32,000 underlying) - Disposition to Issuer
Performance Stock Units
2018-11-30−21,394→ 0 totalExercise: $0.00→ Common Shares (21,394 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−17,525→ 0 totalExercise: $0.00→ Common Shares (17,525 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−24,000→ 0 totalExercise: $0.00→ Common Shares (24,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−21,394→ 0 totalExercise: $0.00→ Common Shares (21,394 underlying)
Footnotes (12)
- [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]Represents 24,000 common shares underlying 24,000 RSUs granted on March 1, 2017. As of the Closing Date, all of these RSUs were Non-Exercisable RSUs and would have vested in three equal installments on March 1, 2019, March 1, 2020 and on March 1, 2021.
- [F11]Represents 21,394 common shares underlying 21,394 RSUs granted on February 28, 2018. As of the Closing Date, all of these RSUs were Non-Exercisable RSUs and would have vested in four equal installments annually starting February 28, 2019.
- [F12]Pursuant to the Plan of Arrangement, each Non-Exercisable RSU was cancelled in exchange for the right to receive US$11.15 in cash, less any applicable withholding taxes, following the date such Non-Exercisable RSUs would have vested in accordance with their terms, subject to the Reporting Person's continued employment through such date.
- [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]Represents 74,300 options to purchase common shares (the "Options"), of which 65,012 were fully exercisable as of the Closing Date and the remaining 9,288 Options would have vested in equal installments every three months thereafter until March 5, 2019.
- [F4]Represents 82,500 Options, of which 51,562 were fully exercisable as of the Closing Date and the remaining 30,938 Options would have vested in equal installments every three months thereafter until March 4, 2020.
- [F5]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.
- [F6]Date exercisable for each performance share unit ("PSU") will vary for each vesting tranche based on achievement of share price performance milestones. The PSUs will expire three years from the date of grant.
- [F7]Pursuant to the Plan of Arrangement, each PSU was cancelled in consideration for the right to receive US$11.15 in cash per common share subject to such PSU, as calculated in accordance with the Plan of Arrangement, less any applicable withholding taxes.
- [F8]Represents 17,525 common shares underlying 17,525 restricted stock units (each an "RSU") granted on March 5, 2015. None of these RSUs were fully exercisable as of the Closing Date (each a "Non-Exercisable RSU") and all of them would have vested on March 5, 2019.
- [F9]Represents 33,750 common shares underlying 33,750 RSUs granted on March 4, 2016. As of the Closing Date, all of these RSUs were Non-Exercisable RSUs and would have vested in two equal installments on March 4, 2019 and on March 4, 2020.
Documents
Issuer
MITEL NETWORKS CORP
CIK 0001170534
Entity typeother
Related Parties
1- filerCIK 0001692681
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 8:40 PM ET
- Size
- 34.3 KB