Filing Details

Accession Number:
0001127602-18-010293
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-03-06 14:15:04
Reporting Period:
2018-03-02
Accepted Time:
2018-03-06 14:15:04
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Disposition 2018-03-02 146,792 $8.18 2,619,898 No 4 S Indirect Wesley Clover International Corporation
Common Shares Disposition 2018-03-05 9,811 $8.11 2,610,087 No 4 S Indirect Wesley Clover International Corporation
Common Shares Disposition 2018-03-05 1,829 $8.08 54,205 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Wesley Clover International Corporation
No 4 S Indirect Wesley Clover International Corporation
No 4 S Direct
Footnotes
  1. 146,792 shares sold on 2018-03-02 were sold at Cdn$10.55 converted to US$8.18 using the noon exchange rate of The Bank of Canada
  2. 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).
  3. 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.
  4. 9811 shares sold on 2018-03-05 were sold at Cdn$10.527 converted to US$8.11 using the noon exchange rate of The Bank of Canada
  5. Represents the automatic withholding of Common Shares to satisfy tax withholding obligations in connection with the RSUs that vested on March 2, 2018.