4//SEC Filing
Pethakas Stavros 4
Accession 0000899243-18-030110
CIK 0001170534other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 8:38 PM ET
Size
13.5 KB
Accession
0000899243-18-030110
Insider Transaction Report
Form 4
Pethakas Stavros
Vice President Global Tax
Transactions
- Disposition to Issuer
Common Shares
2018-11-30$11.15/sh−1,396$15,565→ 0 total - Disposition to Issuer
Options (Common Shares)
2018-11-30−25,000→ 0 total→ Common Shares (25,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−20,000→ 0 total→ Common Shares (20,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-30−9,375→ 0 total→ Common Shares (9,375 underlying)
Footnotes (6)
- [F1]On November 30, 2018 (the "Closing Date"), MLN AcquisitionCo ULC (the "Purchaser") acquired all of the outstanding common shares of Mitel Networks Corporation (the "Issuer") under a plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"), and Issuer became a wholly owned subsidiary of the Purchaser, an entity currently owned and controlled by funds affiliated with Searchlight Capital Partners, L.P., a private equity investment group.
- [F2]Pursuant to the Plan of Arrangement, each common share was transferred to the Purchaser in exchange for the right to receive US$11.15 in cash, without interest and less any applicable withholding taxes.
- [F3]Represents 25,000 options to purchase common shares (the "Options"), of which 12,500 were fully exercisable as of the Closing Date and the remaining 12,500 would have vested in equal installments every three months thereafter until November 9, 2020. Pursuant to the Plan of Arrangement, Options were cancelled in exchange for the right to receive an amount equal to the excess, if any, of US$11.15 over the exercise price of such option, less any applicable withholding taxes.
- [F4]Represents 9,375 common shares underlying 9,375 restricted stock units (each an "RSU") granted on March 1, 2017. None of these RSUs were fully exercisable as of the Closing Date (each a "Non-Exercisable RSU") and would have vested in three equal installments annually starting March 1, 2019.
- [F5]Represents 20,000 common shares underlying 20,000 RSUs granted on February 28, 2018. As of the Closing Date, all of these RSUs were Non-Exercisable RSUs and would have vested in four equal installments annually starting February 28, 2019.
- [F6]Pursuant to the Plan of Arrangement, each Non-Exercisable RSU was cancelled in exchange for the right to receive US$11.15 in cash, less any applicable withholding taxes, following the date such Non-Exercisable RSUs would have vested in accordance with their terms, subject to the Reporting Person's continued employment through such date.
Documents
Issuer
MITEL NETWORKS CORP
CIK 0001170534
Entity typeother
Related Parties
1- filerCIK 0001692908
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 8:38 PM ET
- Size
- 13.5 KB