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Filing Details

Accession Number:: 0001127602-18-010596
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-03-07 17:26:46
Reporting Period:: 2018-02-28

Accepted Time:: 2018-03-07 17:26:46
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
1617508	Edward Steven Spooner	350 Legget Drive Ottawa, A6 K2K 2W7	Chief Financial Officer	No	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
Common Shares	Acquisiton	2018-03-05	23,325	$0.00	218,516	No	4	M	Direct
Common Shares	Acquisiton	2018-03-05	33,750	$0.00	252,266	No	4	M	Direct
Common Shares	Disposition	2018-03-06	26,762	$8.01	225,504	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

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	Acquisiton	2018-02-28	85,575	$0.00	85,575	$0.00
Common Shares	Performance Share Units	Acquisiton	2018-02-28	85,575	$0.00	85,575	$0.00
Common Shares	Restricted Stock Units	Disposition	2018-03-05	23,325	$0.00	23,325	$0.00
Common Shares	Restricted Stock Units	Disposition	2018-03-05	33,750	$0.00	33,750	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
85,575		No	4	A	Direct
85,575	2021-02-28	No	4	A	Direct
23,325		No	4	M	Direct
67,500	2023-03-04	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	14,900	Indirect	Held By Registered Retirement Savings Plan For Steven Edward Spooner
Common Shares	5,100	Indirect	Held By The Spooner Children Trust

Footnotes

Represents 69,975 Common Shares underlying 69,975 RSUs granted to Mr. Spooner on March 5, 2015. These RSUs will vest as follows: (i) 23,325 of the RSUs will vest on March 5, 2017; (ii) 23,325 of the RSUs will vest on March 5, 2018; and (iii) 23,325 of the RSUs will vest on March 5, 2019.
Represents 135,000 Common Shares underlying 135,000 Restricted Stock Units ("RSUs") granted to Mr. Spooner on March 4, 2016. These RSUs will vest as follows: (i) 33,750 of the RSUs will vest on March 4, 2017; (ii) 33,750 of the RSUs will vest on March 4, 2018; (iii) 33,750 of the RSUs will vest on March 4, 2019; and (iv) 33,750 of the RSUs will vest on March 4, 2020.
Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the vesting of RSUs.
5,100 common shares ("Common Shares") of Mitel Networks Corporation (the "Company") are held by the Spooner Children Trust, of which Mr. Spooner is one of three trustees, for the benefit of the children of Mr. Spooner. Mr. Spooner disclaims beneficial ownership of the Common Shares held for the benefit of his children and this report shall not be deemed an admission that Mr. Spooner is a beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Represents 85,575 Common Shares underlying 85,575 RSUs granted on February 28, 2018. These RSUs vest in four equal installments annually starting February 28, 2019.
The late filing of this equity award is due to a clerical error.
Date exercisable for PSUs will vary for each vesting tranche based on achievement of share price performance milestones. The PSUs will expire three years from the date of grant.
Date exercisable for PSUs will vary for each vesting tranche based on achievement of share price performance milestones. The PSUs will expire three years from the date of grant.