Sec Form 4 Filing - Petts David @ ShoreTel Inc - 2017-09-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Petts David
2. Issuer Name and Ticker or Trading Symbol
ShoreTel Inc [ SHOR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP Worldwide Sales
(Last) (First) (Middle)
960 STEWART DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
09/25/2017
(Street)
SUNNYVALE, CA94085
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/25/2017 D 74,993 D $ 0 0 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy) $ 4.31 09/25/2017 D 250,000 07/09/2013 07/09/2022 Common Stock 250,000 $ 0 0 ( 2 ) D
Non-qualified Stock Option (Right to Buy) $ 4.44 09/25/2017 D 50,000 08/15/2014 08/15/2023 Common Stock 50,000 $ 0 0 ( 2 ) D
Non-qualified Stock Option (Right to Buy) $ 6.61 09/25/2017 D 90,000 08/15/2015( 3 ) 08/15/2024 Common Stock 90,000 $ 0 0 ( 2 ) D
Non-qualified Stock Option (Right to Buy) $ 7.35 09/25/2017 D 85,000 08/21/2016( 3 ) 08/21/2025 Common Stock 85,000 $ 0 0 ( 2 ) D
Restricted Stock Unit $ 0 09/25/2017 D 6,250 08/15/2015( 4 ) 08/15/2024 Common Stock 6,250 $ 0 0 ( 2 ) D
Restricted Stock Unit $ 0 09/25/2017 D 12,500 08/21/2016( 4 ) 08/21/2025 Common Stock 12,500 $ 0 0 ( 2 ) D
Restricted Stock Unit $ 0 09/25/2017 D 37,500 08/18/2017( 4 ) 08/18/2026 Common Stock 37,500 $ 0 0 ( 2 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Petts David
960 STEWART DRIVE
SUNNYVALE, CA94085
SVP Worldwide Sales
Signatures
/s/ Allen Seto, attorney-in-fact for Mr. Petts 09/27/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Following the acquisition of ShoreTel, Inc. by Mitel Networks Corporation, shares of ShoreTel, Inc. common stock were subject to a tender offer of $7.50 per share.
( 2 )Following the acqusition of ShoreTel, Inc. by Mitel Networks Corporation, all vested and exercisable options and all vested RSUs were cancelled. The holder received the right to a cash payment equal to $7.50 per share, minus exercise price and applicable taxes.
( 3 )Originally scheduled to vest at the rate of 25% on the first anniversary date of the grant and 1/48th per month thereafter. Vesting was accelerated pursuant to the ShoreTel, Inc. 2007 and/or 2015 Equity Incentive Plan, a Retention or Employment Agreement and the Agreement and Plan of Merger by and among Mitel HS Holdings, Inc., Shelby Acquisition Corporation, ShoreTel, In. and Mitel Networks Corporation dated as of July 26, 2017.
( 4 )Originally scheduled to vest at the rate of 25% a year over 4 years, on the anniversary date of the grant. Vesting was accelerated pursuant to the ShoreTel, Inc. 2007 and/or 2015 Equity Incentive Plan, a Retention or Employment Agreement and the Agreement and Plan of Merger by and among Mitel HS Holdings, Inc., Shelby Acquisition Corporation, ShoreTel, In. and Mitel Networks Corporation dated as of July 26, 2017.

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