4//SEC Filing
ABBOTT TODD 4
Accession 0000899243-18-030148
CIK 0001170534other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 9:01 PM ET
Size
16.1 KB
Accession
0000899243-18-030148
Insider Transaction Report
Form 4
ABBOTT TODD
EVP Global Sales
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-11-30−61,125→ 0 total→ Common Shares (61,125 underlying) - Disposition to Issuer
Options (Common Shares)
2018-11-30−60,000→ 0 totalExercise: $6.47Exp: 2024-05-10→ Common Shares (60,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−30,000→ 0 total→ Common Shares (30,000 underlying) - Disposition to Issuer
Common Shares
2018-11-30$11.15/sh−7,552$84,205→ 0 total - Disposition to Issuer
Performance Stock Units
2018-11-30−61,125→ 0 totalExp: 2021-02-28→ Common Shares (61,125 underlying)
Footnotes (9)
- [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]Represents 60,000 options to purchase common shares (the "Options"). 22,500 of these Options were fully exercisable as of the Closing Date and the remaining 37,500 would have vested in equal installments quarterly.
- [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]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.
- [F6]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.
- [F7]Represents 30,000 common shares underlying 30,000 restricted stock units (each an "RSU") granted on April 7, 2017. None of these RSUs were fully exercisable as of the Closing Date (each a "Non-Exercisable RSU") and would have vested annually in three equal installments starting April 7, 2019.
- [F8]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.
- [F9]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.
Documents
Issuer
MITEL NETWORKS CORP
CIK 0001170534
Entity typeother
Related Parties
1- filerCIK 0001203749
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 9:01 PM ET
- Size
- 16.1 KB