SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

NEIMAN SETH

(Last)

(First)

(Middle)

C/O CROSSPOINT VENTURE PARTNERS

2925 WOODSIDE ROAD

(Street)

WOODSIDE

94062

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ShoreTel Inc [ SHOR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2007

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/09/2007		C		776,543	A	⁽¹⁾	816,073	I	Crosspoint Venture Partners 2000, L.P.⁽²⁾
Common Stock	07/09/2007		C		6,786,880	A	⁽¹⁾	7,132,372	I	Crosspoint Venture Partners 2000 Q, L.P.⁽²⁾
Common Stock	07/09/2007		C		500,705	A	⁽¹⁾	560,789	I	Crosspoint Venture Partners LS 2000, L.P.⁽²⁾
Common Stock								812,314	I	Crosspoint Venture Partners 1996, L.P.⁽²⁾

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series E Preferred Stock	⁽¹⁾	07/09/2007		C			14,176	⁽¹⁾	⁽¹⁾	Common Stock	14,176	⁽¹⁾	0	I	Crosspoint Venture Partners 2000, L.P.⁽²⁾
Series E Preferred Stock	⁽¹⁾	07/09/2007		C			123,896	⁽¹⁾	⁽¹⁾	Common Stock	123,896	⁽¹⁾	0	I	Crosspoint Venture Partners 2000 Q, L.P.⁽²⁾
Series E Preferred Stock	⁽¹⁾	07/09/2007		C			500,705	⁽¹⁾	⁽¹⁾	Common Stock	500,705	⁽¹⁾	0	I	Croosspoint Venture Partners LS 2000, L.P.⁽²⁾
Series F Preferred Stock	⁽¹⁾	07/09/2007		C			512,266	⁽¹⁾	⁽¹⁾	Common Stock	512,266	⁽¹⁾	0	I	Crosspoint Venture Partners 2000, L.P.⁽²⁾
Series F Preferred Stock	⁽¹⁾	07/09/2007		C			4,477,132	⁽¹⁾	⁽¹⁾	Common Stock	4,477,132	⁽¹⁾	0	I	Crosspoint Venture Partners 2000 Q, L.P.⁽²⁾
Series G Preferred Stock	⁽¹⁾	07/09/2007		C			72,524	⁽¹⁾	⁽¹⁾	Common Stock	72,524	⁽¹⁾	0	I	Crosspoint Venture Partners 2000, L.P.⁽²⁾
Series G Preferred Stock	⁽¹⁾	07/09/2007		C			633,854	⁽¹⁾	⁽¹⁾	Common Stock	633,854	⁽¹⁾	0	I	Crosspoint Venture Partners 2000 Q, L.P.⁽²⁾
Series H Preferred Stock	⁽¹⁾	07/09/2007		C			177,577	⁽¹⁾	⁽¹⁾	Common Stock	177,577	⁽¹⁾	0	I	Crosspoint Venture Partners 2000, L.P.⁽²⁾
Series H Preferred Stock	⁽¹⁾	07/09/2007		C			1,551,998	⁽¹⁾	⁽¹⁾	Common Stock	1,551,998	⁽¹⁾	0	I	Crosspoint Venture Partners 2000 Q, L.P.⁽²⁾

Explanation of Responses:

1. Mandatory conversion into Common Stock on a 1-for-1 basis upon closing of the Issuer's initial public offering.

2. Such shares are beneficially owned by the entities listed in column 6. Crosspoint Associates 2000, L.L.C. is the general partner of Crosspoint Venture Partners 2000 Q, L.P., Crosspoint Venture Partners 2000, L.P. and Crosspoint Venture Partners LS 2000, L.P. Crosspoint Associates 1996, L.L.C. is the general partner of Crosspoint Venture Partners 1996, L.P. The reporting person is a managing member of Crosspoint Associates 2000, L.L.C. and Crosspoint Associates 1996, L.L.C., has voting and investment authority over the shares held by Crosspoint Venture Partners 2000 Q, L.P., Crosspoint Venture Partners 2000, L.P., Crosspoint Venture Partners 1996, L.P. and Crosspoint Venture Partners LS 2000, L.P. The reporting person disclaims beneficial ownership of such shares except to pecuniary interest.

	/s/ Seth D. Neiman by Dede Barsotti, Attorney-in-fact	07/09/2007
	** 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 4 (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).
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