0001209191-15-038121.txt : 20150501
0001209191-15-038121.hdr.sgml : 20150501
20150501175903
ACCESSION NUMBER: 0001209191-15-038121
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150429
FILED AS OF DATE: 20150501
DATE AS OF CHANGE: 20150501
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MAVENIR SYSTEMS INC
CENTRAL INDEX KEY: 0001361470
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1700 INTERNATIONAL PARKWAY, SUITE 200
CITY: RICHARSON
STATE: TX
ZIP: 75081
BUSINESS PHONE: 469-916-4393
MAIL ADDRESS:
STREET 1: 1700 INTERNATIONAL PARKWAY, SUITE 200
CITY: RICHARSON
STATE: TX
ZIP: 75081
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hungle Terry
CENTRAL INDEX KEY: 0001589793
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36171
FILM NUMBER: 15825813
MAIL ADDRESS:
STREET 1: 1700 INTERNATIONAL PARKWAY
STREET 2: SUITE 200
CITY: RICHARDSON
STATE: TX
ZIP: 75081
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-04-29
1
0001361470
MAVENIR SYSTEMS INC
MVNR
0001589793
Hungle Terry
1700 INTERNATIONAL PARKWAY, SUITE 200
RICHARDSON
TX
75081
0
1
0
0
Chief Financial Officer
Common Stock
2015-04-29
4
U
0
40000
17.55
D
687
D
Common Stock
2015-04-29
4
D
0
687
17.55
D
0
D
Stock Option (Right to Buy)
2.10
2015-04-29
4
D
0
68560
15.45
D
2021-12-13
Common Stock
68560
0
D
Stock Option (Right to Buy)
2.10
2015-04-29
4
D
0
2981
D
2021-12-13
Common Stock
2981
0
D
Stock Option (Right to Buy)
10.00
2015-04-29
4
D
0
17707
7.55
D
2023-11-06
Common Stock
17707
0
D
Stock Option (Right to Buy)
10.00
2015-04-29
4
D
0
32293
D
2023-11-06
Common Stock
32293
0
D
Stock Option (Right to Buy)
0.56
2015-04-29
4
D
0
41952
16.99
D
2018-04-23
Common Stock
41952
0
D
Stock Option (Right to Buy)
0.77
2015-04-29
4
D
0
39285
16.78
D
2020-10-14
Common Stock
39285
0
D
Stock Option (Right to Buy)
18.09
2015-04-29
4
D
0
65000
D
2024-03-19
Common Stock
65000
0
D
These shares are being disposed of upon the completion of an exchange offer by Mitel Networks Corporation ("Mitel") and Roadster Subsidiary Corporation ("Purchaser") to purchase all of the issued and outstanding shares of common stock of the Issuer (the "Offer"), pursuant to an Agreement and Plan of Merger dated February 28, 2015 and amended through the date of this form (the "Merger Agreement"). The tender price per share of the shares of common stock is (i) $17.55 in cash (the "Cash Consideration"); or (ii) 1.8320 shares of common stock of Mitel (the "Exchange Ratio"), at the election of the holder and subject to proration. Following the completion of the Offer, Purchaser merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly-owned subsidiary of Mitel.
Reflects 687 shares acquired under the Issuer's 2013 Employee Stock Purchase Plan on April 24, 2015.
Represents vested and in-the-money options which, pursuant to the terms of the Merger Agreement as a result of the Merger, have been cancelled and converted into the right to receive, on a per-share basis, the excess of the Cash Consideration over the per-share exercise price, subject to applicable tax withholding.
Pursuant to the terms of the Merger Agreement regarding unvested or out-the-money options, this option has been cancelled and converted into an option to purchase 5,461 shares of Mitel common stock for $1.15 per share on substantially equivalent terms using the Exchange Ratio. These options will continue to vest according to their original vesting schedule, with the remaining unvested amount vesting in equal monthly installments until the fourth anniversary of the date of grant, which was ten years prior to the expiration date set forth in Table II.
Pursuant to the terms of the Merger Agreement regarding unvested or out-the-money options, this option has been cancelled and converted into an option to purchase 59,160 shares of Mitel common stock for $5.46 per share on substantially equivalent terms using the Exchange Ratio. These options will continue to vest according to their original vesting schedule, with the remaining unvested amount vesting in equal monthly installments until the fourth anniversary of the date of grant, which was ten years prior to the expiration date set forth in Table II.
Pursuant to the terms of the Merger Agreement regarding unvested or out-the-money options, this option has been cancelled and converted into an option to purchase 119,080 shares of Mitel common stock for $9.88 per share on substantially equivalent terms using the Exchange Ratio. These options will continue to vest according to their original vesting schedule, with the remaining unvested amount vesting in equal monthly installments until the fourth anniversary of the date of grant, which was ten years prior to the expiration date set forth in Table II.
/s/ Terry Hungle
2015-05-01