McCarthy Michael William 4

4 · MITEL NETWORKS CORP · Filed Mar 7, 2018

Form 4

Period: 2018-02-28

See Remarks

Transactions

Exercise/Conversion
Common Shares
2018-03-05+1,625→ 10,532 total
Exercise/Conversion
Common Shares
2018-03-05+1,937→ 12,469 total
Sale
Common Shares
2018-03-06$8.01/sh−1,080$8,649→ 11,389 total
Award
Restricted Stock Units
2018-02-28+25,000→ 25,000 total
→ Common Shares (25,000 underlying)
Exercise/Conversion
Restricted Stock Units
2018-03-05−1,625→ 3,250 total
Exercise: $0.00→ Common Shares (1,625 underlying)
Exercise/Conversion
Restricted Stock Units
2018-03-05−1,937→ 1,939 total
Exercise: $0.00→ Common Shares (1,937 underlying)

Footnotes (5)

[F1]Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the vesting of RSUs
[F2]Represents 25,000 Common Shares underlying 25,000 RSUs granted on February 28, 2018. These RSUs vest in four equal installments annually starting February 28, 2019.
[F3]The late filing of this equity award is due to a clerical error.
[F4]Represents 6,500 Common Shares underlying 6,500 Restricted Stock Units ("RSUs") granted to Mr. McCarthy on March 4, 2016. These RSUs will vest as follows: (i) 1,625 of the RSUs will vest on March 4, 2017; (ii) 1,625 of the RSUs will vest on March 4, 2018; (iii) 1,625 of the RSUs will vest on March 4, 2019; and (iv) 1,625 of the RSUs will vest on March 4, 2020.
[F5]Represents 5,813 Common Shares underlying 5,813 RSUs granted to Mr. McCarthy on March 5, 2015. These RSUs will vest as follows: (i) 1,937 of the RSUs will vest on March 5, 2017; (ii) 1,937 of the RSUs will vest on March 5, 2018; and (iii) 1,939 of the RSUs will vest on March 5, 2019.

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