WEISNER WALTER 4
4 · ShoreTel Inc · Filed Feb 4, 2009
Insider Transaction Report
Form 4
ShoreTel IncSHOR
WEISNER WALTER
VP, Global Support Services
Transactions
- Award
Non-Qualifed Stock Option (right to buy)
2009-02-03+80,000→ 80,000 totalExercise: $4.82From: 2011-02-03Exp: 2016-02-03→ Common Stock (80,000 underlying) - Disposition to Issuer
Non-Qualifed Stock Option (right to buy)
2009-02-03−80,000→ 0 totalExercise: $14.61From: 2009-11-29Exp: 2017-11-29→ Common Stock (80,000 underlying)
Footnotes (3)
- [F1]Option vests as to 50% of the shares on 02/03/2011, and vests as to 1/48th of the shares each month over the next two years thereafter.
- [F2]Pursuant to the option exchange program of ShoreTel, Inc. ("Issuer"), Issuer canceled a 10-year option granted to the reporting person with an exercise price equal to or greater than $9.50 per share. In exchange, the reporting person received a 7-year option grant for the same number of shares having an exercise price equal to the closing sale price of Issuer's common stock on the NASDAQ Global Market on February 3, 2009.
- [F3]The option provided for vesting as to 50% of the shares on 11/29/2009, and as to 1/48th of the shares each month over the next two years thereafter.