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Filing Details

Accession Number:: 0001127602-17-009899
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-03-02 20:27:16
Reporting Period:: 2017-02-28

Filing Date:: 2017-03-02
Accepted Time:: 2017-03-02 20:27:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1170534	Mitel Networks Corp	MITL	Radio & Tv Broadcasting & Communications Equipment (3663)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1220385	H Terence Matthews	390 March Road, Suite 110 Ottawa, K2K 0G7 A6	Chairman Of The Board	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Disposition	2017-02-28	50,000	$6.70	6,938,590	No	4	S	Indirect	Wesley Clover International Corporation
Common Shares	Acquisiton	2017-02-28	10,000	$0.00	41,311	No	4	M	Direct
Common Shares	Disposition	2017-02-28	4,699	$6.67	36,612	No	4	S	Direct
Common Shares	Disposition	2017-03-01	50,000	$6.68	6,888,590	No	4	S	Indirect	Wesley Clover International Corporation
Common Shares	Disposition	2017-03-01	150,000	$6.61	6,738,590	No	4	S	Indirect	Wesley Clover International Corporation

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Wesley Clover International Corporation
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	Wesley Clover International Corporation
No	4	S	Indirect	Wesley Clover International Corporation

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Restricted Stock Units	Disposition	2017-02-28	10,000	$0.00	10,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct

Footnotes

50,000 shares sold on 2017-02-28 were sold at Cdn$8.84 converted to US$6.70 using the noon exchange rate of The Bank of Canada
Dr. Matthews owns 100% of the outstanding voting shares of 4293711 Canada Inc. ("4293711 Canada") which in turn owns 99.9% of the outstanding voting shares of Wesley Clover International Corporation ("WCIC") (the remaining 0.01% of the outstanding voting shares of WCIC are owned by the Matthews Family Trust, of which Dr. Matthews is one of three trustees).
Pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of Dr. Matthews and 4293711 Canada may be deemed the beneficial owner of all of the common shares (the "Common Shares") of Mitel Networks Corporation (the "Company") beneficially owned by WCIC. The filing of this Form 4 shall not be construed as an admission that the Reporting Persons share beneficial ownership of these shares, and the Reporting Persons expressly disclaim such beneficial ownership except to the extent of any pecuniary interest therein.
Represents Common Shares received following the vesting of previously granted Restricted Stock Units ("RSUs").
This sale was made to cover taxes immediately following the vesting of previously granted RSUs.
50,000 shares sold on 2017-03-01 were sold at Cdn$8.90 converted to US$6.67 using the noon exchange rate of The Bank of Canada
150,000 shares sold on 2017-03-01 were sold at Cdn$8.80 converted to US$6.68 using the noon exchange rate of The Bank of Canada
Represents 10,000 RSUs granted to Dr. Matthews on March 4, 2016. The RSUs vested on February 28, 2017 and Dr. Matthews received 10,000 Common Shares on February 28, 2017.