ShoreTel Inc 4
4 · ShoreTel Inc · Filed Aug 21, 2013
Insider Transaction Report
Form 4
ShoreTel IncSHOR
Nealon Keith
President & GM, ShoreTel Cloud
Transactions
- Award
Restricted Stock Unit
2013-08-15+15,000→ 15,000 totalExercise: $0.00From: 2014-08-15Exp: 2023-08-15→ Common Stock (15,000 underlying) - Award
Non-qualified Stock Option (Right to Buy)
2013-08-15+30,000→ 30,000 totalExercise: $4.44From: 2014-08-15Exp: 2023-08-15→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]RSU vests as to 25% of the shares on 08/15/2014, and vests 25% on the two year anniversary, vests 25% on the three year anniversary, and the final 25% on the four-year anniversary.
- [F2]Each RSU represents the right, at settlement, to receive (1) one share of common stock.
- [F3]Option vests as to 25% of the shares on 08/15/2014, and vests as to 1/48th of the shares each month over the next three years thereafter.