4//SEC Filing
BALL BENJAMIN 4
Accession 0000899243-18-030141
CIK 0001170534other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 8:56 PM ET
Size
45.8 KB
Accession
0000899243-18-030141
Insider Transaction Report
Form 4
BALL BENJAMIN
Director
Transactions
- Disposition to Issuer
Options (Common Shares)
2018-11-30−7,061→ 0 total(indirect: By LLC)Exercise: $9.58From: 2013-12-12Exp: 2020-12-12→ Common Shares (7,061 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−6,972→ 0 total(indirect: By LLC)Exercise: $9.96From: 2014-11-13Exp: 2021-11-13→ Common Shares (6,972 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−20,000→ 0 total(indirect: By LLC)Exercise: $8.94From: 2015-12-31Exp: 2022-05-14→ Common Shares (20,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−10,000→ 0 total(indirect: By LLC)Exercise: $7.17From: 2017-03-04Exp: 2023-03-04→ Common Shares (10,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−8,588→ 0 total(indirect: By LLC)Exercise: $4.64From: 2013-09-05Exp: 2020-09-05→ Common Shares (8,588 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−20,263→ 0 total(indirect: By LLC)Exercise: $3.94From: 2013-03-07Exp: 2020-03-07→ Common Shares (20,263 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−18,131→ 0 total(indirect: By LLC)Exercise: $3.44From: 2012-03-07Exp: 2019-03-07→ Common Shares (18,131 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−20,194→ 0 total(indirect: By LLC)Exercise: $3.06From: 2012-12-06Exp: 2019-12-06→ Common Shares (20,194 underlying) - Disposition to Issuer
Common Shares
2018-11-30$11.15/sh−31,199$347,869→ 0 total - Disposition to Issuer
Options (Common Shares)
2018-11-30−18,819→ 0 total(indirect: By LLC)Exercise: $3.05From: 2011-12-23Exp: 2018-12-23→ Common Shares (18,819 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−21,569→ 0 total(indirect: By LLC)Exercise: $2.61From: 2012-09-06Exp: 2019-09-06→ Common Shares (21,569 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−6,828→ 0 total(indirect: By LLC)Exercise: $10.83From: 2014-05-20Exp: 2021-05-20→ Common Shares (6,828 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−6,828→ 0 total(indirect: By LLC)Exercise: $9.96From: 2014-08-14Exp: 2021-08-14→ Common Shares (6,828 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−22,343→ 0 total(indirect: By LLC)Exercise: $4.22From: 2012-03-07Exp: 2019-03-07→ Common Shares (22,343 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−20,263→ 0 total(indirect: By LLC)Exercise: $3.80From: 2013-07-01Exp: 2020-07-01→ Common Shares (20,263 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−6,909→ 0 total(indirect: By LLC)Exercise: $8.79From: 2014-02-05Exp: 2021-02-05→ Common Shares (6,909 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−966→ 0 total(indirect: By LLC)Exercise: $9.70From: 2015-03-05Exp: 2022-03-05→ Common Shares (966 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−14,500→ 0 total→ Common Shares (14,500 underlying)
Footnotes (5)
- [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.
- [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]Pursuant to the Plan of Arrangement, options to purchase common shares (the "Options") were accelerated and all 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.
- [F4]Benjamin Ball is a partner of Francisco Partners Management, LLC ("Francisco Partners"), has voting and investment power over the common shares of the Issuer held by Francisco Partners. Mr. Ball expressly disclaims such beneficial ownership except to the extent of any pecuniary interest therein.
- [F5]Represents 14,500 common shares underlying 14,500 restricted stock units. Pursuant to the Plan of Arrangement, each restricted share unit was cancelled in exchange for the right to receive US$11.15 in cash, less any applicable withholding taxes.
Documents
Issuer
MITEL NETWORKS CORP
CIK 0001170534
Entity typeother
Related Parties
1- filerCIK 0001269030
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 8:56 PM ET
- Size
- 45.8 KB