COMBS JOHN W 4

4 · ShoreTel Inc · Filed Feb 24, 2010

Form 4

Period: 2010-02-22

DirectorPresident & CEO

Transactions

Award
Non-qualified Stock Option (Right to Buy)
2010-02-22+200,000→ 200,000 total
Exercise: $5.91From: 2013-02-22Exp: 2020-02-22→ Common Stock (200,000 underlying)
Award
Restricted Stock Unit
2010-02-22+110,000→ 110,000 total
From: 2013-02-22Exp: 2020-02-22→ Common Stock (110,000 underlying)

Footnotes (4)

[F1]In the event of both a qualifying change of control and certain terminations of employment (a "Trigger Event"), the Option shall accelerate as follows: (i) if the Trigger Event occurs between the February 22, 2010 (the "Date of Grant") and the first-year anniversary of the Date of Grant, one third of the Option shall vest; (ii) if the Trigger Event occurs between the first-year anniversary of the Date of Grant and the second-year anniversary of the Date of Grant, two thirds of the Option shall vest and (iii) if the Trigger Event occurs between two-year anniversary of the Date of Grant and the third-year anniversary of the Date of Grant, all of the Option shall vest.
[F2]Option vests as to 100% of the shares on 02/22/2013.
[F3]In the event of both a qualifying change of control and certain terminations of employment (a "Trigger Event"), the RSU shall accelerate as follows: (i) if the Trigger Event occurs between the February 22, 2010 (the "Date of Grant") and the first-year anniversary of the Date of Grant, one third of the RSU shall vest; (ii) if the Trigger Event occurs between the first-year anniversary of the Date of Grant and the second-year anniversary of the Date of Grant, two thirds of the RSU shall vest and (iii) if the Trigger Event occurs between two-year anniversary of the Date of Grant and the third-year anniversary of the Date of Grant, all of the RSU shall vest.
[F4]RSU vests as to 100% of the shares on 02/22/2013.

Documents

1 file