4//SEC Filing
BLACKMORE PETER 4
Accession 0001127602-12-025212
CIK 0001388133other
Filed
Aug 27, 8:00 PM ET
Accepted
Aug 28, 8:42 AM ET
Size
6.4 KB
Accession
0001127602-12-025212
Insider Transaction Report
Form 4
ShoreTel IncSHOR
BLACKMORE PETER
DirectorCEO
Transactions
- Award
Stock Option - Performance Award
2012-08-24+100,000→ 100,000 totalExercise: $4.14From: 2013-08-24Exp: 2022-08-24→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]Performance-based grant with vesting tied to Company stock price performance over a 60-day period (the "60-day average"). The first 25% is eligible to vest beginning on the first anniversary of the grant date if the 60-day average stock price reaches $7.00 before the fourth anniversary of the grant date, the next 25% is eligible to vest beginning on the second anniversary of the grant date if the 60-day average stock price reaches $8.00 before the fourth anniversary of the grant date, the third 25% is eligible to vest beginning on the third anniversary of the grant date if the 60-day average stock price reaches $9.00 before the fourth anniversary of the grant date, and the last 25% is eligible to vest if the 60-day average stock price reaches $10.00 on the fourth anniversary of the grant date. The stock price performance will be evaluated on each one year anniversary of the date of grant over a four-year period. In the event the price thresholds are not met within four years from the date of grant, the shares do not vest and the option will terminate with respect to shares that did not vest. Upon a change in control of the Company, the stock price performance will be measured immediately prior to the closing of the change in control transaction, and the options will vest to the extent the requisite 60-day average targets have been met, or if the closing stock price on that date exceeds the dollar thresholds described above.
Documents
Issuer
ShoreTel Inc
CIK 0001388133
Entity typeother
Related Parties
1- filerCIK 0001085948
Filing Metadata
- Form type
- 4
- Filed
- Aug 27, 8:00 PM ET
- Accepted
- Aug 28, 8:42 AM ET
- Size
- 6.4 KB