SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
MATTHEWS TERENCE H

(Last) (First) (Middle)
390 MARCH ROAD, SUITE 110

(Street)
OTTAWA A6 K2K 0G7

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/21/2016
3. Issuer Name and Ticker or Trading Symbol
MITEL NETWORKS CORP [ MITL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares 31,311 D
Common Shares 6,988,590 I Kanata Research Park Corporation(1)(2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) (3) Common Shares 10,000 (3) D
Options (Common Shares) 12/06/2012 12/06/2019 Common Shares 18,038 $3.06 D
Options (Common Shares) 03/07/2013 03/07/2020 Common Shares 18,313 $3.94 D
Options (Common Shares) 07/01/2013 07/01/2020 Common Shares 18,313 $3.8 D
Options (Common Shares) 09/05/2013 09/05/2020 Common Shares 16,190 $4.64 D
Options (Common Shares) 12/12/2013 12/12/2020 Common Shares 10,146 $9.58 D
Options (Common Shares) 02/05/2014 02/05/2021 Common Shares 9,329 $8.79 D
Options (Common Shares) 05/20/2014 05/20/2021 Common Shares 9,281 $10.83 D
Options (Common Shares) 08/14/2014 08/14/2021 Common Shares 9,281 $9.96 D
Options (Common Shares) 11/13/2014 11/13/2021 Common Shares 9,816 $9.96 D
Options (Common Shares) 03/05/2015 03/05/2022 Common Shares 3,585 $9.7 D
Options (Common Shares) 12/31/2015 05/14/2022 Common Shares 10,000 $8.94 D
Options (Common Shares) 05/14/2015 05/14/2022 Common Shares 4,220 $8.94 D
Options (Common Shares) 08/12/2015 08/12/2022 Common Shares 4,542 $8.3 D
Options (Common Shares) 11/11/2015 11/11/2022 Common Shares 4,307 $8.75 D
Options (Common Shares) 03/04/2017 03/04/2023 Common Shares 10,000 $7.17 D
Options (Common Shares) 03/04/2016 03/04/2023 Common Shares 5,278 $7.17 D
Options (Common Shares) 05/26/2016 05/26/2023 Common Shares 5,674 $6.74 D
Options (Common Shares) 08/10/2016 08/10/2023 Common Shares 4,723 $8.12 D
Options (Common Shares) 11/09/2016 11/09/2023 Common Shares 5,713 $6.62 D
Explanation of Responses:
1. 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). WCIC owns 100% of the outstanding voting shares of Kanata Research Park Corporation ("Kanata"). On January 1, 2017, Kanata will amalgamate into WCIC.
2. Pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of Dr. Matthews, WCIC 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 Kanata (and, after January 1, 2017, those shares beneficially owned by WCIC). The filing of this Form 3 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.
3. Represents 10,000 Common Shares of the Company underlying 10,000 Restricted Stock Units ("RSUs") granted to Dr. Matthews on March 4, 2016. The RSUs are scheduled to vest on February 28, 2017.
Remarks:
/s/ Dr. Terence Hedley Matthews 12/21/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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