4//SEC Filing
Agnes Robert Dale 4
Accession 0000899243-18-030145
CIK 0001170534other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 8:58 PM ET
Size
25.4 KB
Accession
0000899243-18-030145
Insider Transaction Report
Form 4
Agnes Robert Dale
See Remarks
Transactions
- Disposition to Issuer
Options (Common Shares)
2018-11-30−32,000→ 0 totalExercise: $9.70Exp: 2022-03-05→ Common Shares (32,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−15,000→ 0 totalExercise: $0.00→ Common Shares (15,000 underlying) - Disposition to Issuer
Performance Stock Units
2018-11-30−35,000→ 0 totalExercise: $0.00→ Common Shares (35,000 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−50,000→ 0 totalExercise: $9.96Exp: 2021-08-14→ Common Shares (50,000 underlying) - Disposition to Issuer
Common Shares
2018-11-30$11.15/sh−34,763$387,607→ 0 total - Disposition to Issuer
Performance Stock Units
2018-11-30−61,125→ 0 totalExercise: $0.00→ Common Shares (61,125 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−26,250→ 0 totalExercise: $0.00→ Common Shares (26,250 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−61,125→ 0 totalExercise: $0.00→ Common Shares (61,125 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−7,550→ 0 totalExercise: $0.00→ Common Shares (7,550 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 15,000 common shares underlying 15,000 RSU granted on March 4, 2016. As of the Closing Date, these RSUs were Non-Exercisable RSUs and would have vested annually in two equal installments starting March 4, 2019.
- [F11]Represents 7,550 common shares underlying 7,550 RSUs granted on March 5, 2015. As of the Closing Date, these RSUs were Non-Exercisable RSUs and would have vested on March 5, 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 50,000 options to purchase common shares (the "Options"). These Options were fully exercisable as of August 14, 2018.
- [F4]Represents 32,000 Options, of which 28,000 were fully exercisable as of the Closing Date and the remaining 4,000 Options would have vested in equal installments on December 5, 2018 and March 5, 2019.
- [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 26,250 common shares underlying 26,250 restricted stock units (each an "RSU") granted on March 1, 2017. As of the Closing Date, none of these RSUs were fully exercisable (each a "Non-Exercisable RSU") and these RSUs would have vested annually in three equal installments starting March 1, 2019.
- [F9]Represents 61,125 common shares underlying 61,125 RSUs granted on February 28, 2018. As of the Closing Date, these RSUs were Non-Exercisable RSUs and would have vested in four equal installments annually starting February 28, 2019.
Documents
Issuer
MITEL NETWORKS CORP
CIK 0001170534
Entity typeother
Related Parties
1- filerCIK 0001693066
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 8:58 PM ET
- Size
- 25.4 KB