UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SHORETEL, INC.
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(Name of Issuer)
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COMMON STOCK, $0.001 PAR VALUE PER SHARE
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(Title of Class of Securities)
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825211105
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(CUSIP Number)
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December 31, 2013
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 825211105
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(1)
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Names of Reporting Persons
Park West Asset Management LLC
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(2)
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) o
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(b) o
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(3)
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SEC USE ONLY
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(4)
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Citizenship or Place of Organization
Delaware
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Number of Shares Beneficially Owned by
Each Reporting Person With:
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(5)
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Sole Voting Power
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3,526,829*
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(6)
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Shared Voting Power
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0
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(7)
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Sole Dispositive Power
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3,526,829*
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(8)
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Shared Dispositive Power
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0
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(9)
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Aggregate Amount Beneficially Owned by Each Reporting Person
3,526,829*
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(10)
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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(11)
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Percent of Class Represented by Amount in Row (9)
5.8%*
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(12)
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Type of Reporting Person (See Instructions)
IA
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* The beneficial ownership percentage is based upon 60,366,531 shares of common stock, $0.001 par value per share (“Common Stock”), of ShoreTel, Inc., a Delaware corporation (the “Company”), issued and outstanding as of October 25, 2013, based on information reported by the Company in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, filed with the Securities and Exchange Commission on November 8, 2013. Park West Asset Management LLC (“PWAM”) is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”), and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI” and, together with PWIMF, the “PW Funds”). As of December 31, 2013, PWIMF held 2,906,738 shares of Common Stock and PWPI held 620,091 shares of Common Stock. PWAM, as the investment manager to the PW Funds, and Peter S. Park, as the sole member and manager of PWAM (“Mr. Park” and, together with PWAM, the “Reporting Persons”), may be deemed to beneficially own the 3,526,829 shares of Common Stock held in the aggregate by the PW Funds. As a result of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons are deemed to beneficially own 3,526,829 shares of Common Stock, or 5.8% of the shares of Common Stock deemed to be issued and outstanding as of December 31, 2013.
2
CUSIP No. 825211105
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(1)
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Names of Reporting Persons
Peter S. Park
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(2)
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) o
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(b) o
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(3)
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SEC USE ONLY
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(4)
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Citizenship or Place of Organization
United States of America
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Number of Shares Beneficially Owned by
Each Reporting Person With:
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(5)
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Sole Voting Power
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3,526,829*
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(6)
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Shared Voting Power
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0
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(7)
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Sole Dispositive Power
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3,526,829*
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(8)
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Shared Dispositive Power
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0
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(9)
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Aggregate Amount Beneficially Owned by Each Reporting Person
3,526,829*
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(10)
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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(11)
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Percent of Class Represented by Amount in Row (9)
5.8%*
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(12)
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Type of Reporting Person (See Instructions)
IN
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* The beneficial ownership percentage is based upon 60,366,531 shares of common stock, $0.001 par value per share (“Common Stock”), of ShoreTel, Inc., a Delaware corporation (the “Company”), issued and outstanding as of October 25, 2013, based on information reported by the Company in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, filed with the Securities and Exchange Commission on November 8, 2013. Park West Asset Management LLC (“PWAM”) is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”), and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI” and, together with PWIMF, the “PW Funds”). As of December 31, 2013, PWIMF held 2,906,738 shares of Common Stock and PWPI held 620,091 shares of Common Stock. PWAM, as the investment manager to the PW Funds, and Peter S. Park, as the sole member and manager of PWAM (“Mr. Park” and, together with PWAM, the “Reporting Persons”), may be deemed to beneficially own the 3,526,829 shares of Common Stock held in the aggregate by the PW Funds. As a result of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons are deemed to beneficially own 3,526,829 shares of Common Stock, or 5.8% of the shares of Common Stock deemed to be issued and outstanding as of December 31, 2013.
Item 1(a). Name of Issuer. ShoreTel, Inc. (the “Company”)
Item 1(b). Address of Issuer's Principal Executive Offices.
90 Stewart Drive
Sunnyvale, California 94085-3913
Item 2(a). Name of Person Filing.
This report on Schedule 13G (this “Schedule 13G”), is being jointly filed by (i) Park West Asset Management LLC (“PWAM”), a Delaware limited liability company and the investment manager to (a) Park West Investors Master Fund, Limited (“PWIMF”), a Cayman Islands exempted company that is the holder of 2,906,738 shares of common stock, par value $0.001 per share (“Common Stock”), of the Company reported on this Schedule 13G, and (b) Park West Partners International, Limited (“PWPI” and, together with PWIMF, the “PW Funds”), a Cayman Islands exempted company that is the holder of 620,091 shares of Common Stock reported on this Schedule 13G; and (ii) Peter S. Park, as the sole member and manager of PWAM (“Mr. Park” and, together with PWAM, the “Reporting Persons”).
The 3,526,829 shares of Common Stock held in the aggregate by the PW Funds, which constitute 5.8% of the shares of Common Stock deemed to be outstanding as of December 31, 2013, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.
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(a) Amount Beneficially Owned:
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3,526,829*
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(b) Percent of Class:
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5.8%*
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(c) Number of Shares as to which the person has:
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(i) sole power to vote or to direct the vote |
3,526,829*
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(ii) shared power to vote or to direct the vote |
0
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(iii) sole power to dispose or to direct the disposition of |
3,526,829*
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(iv) shared power to dispose or to direct the disposition of |
0
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_________________________________________
* This Schedule 13G is being jointly filed by (i) PWAM, a Delaware limited liability company and the investment manager to (a) PWIMF, a Cayman Islands exempted company that is the holder of 2,906,738 shares of Common Stock of the Company reported on this Schedule 13G, and (b) PWPI, a Cayman Islands exempted company that is the holder of 620,091 shares of Common Stock reported on this Schedule 13G; and (ii) Mr. Park, as the sole member and manager of PWAM.
The 3,526,829 shares of Common Stock held in the aggregate by the PW Funds, which constitute 5.8% of the shares of Common Stock deemed to be outstanding as of December 31, 2013, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM. The foregoing beneficial ownership percentage is based upon 60,366,531 shares of Common Stock of the Company issued and outstanding as of October 25, 2013, based on information reported by the Company in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, filed with the Securities and Exchange Commission on November 8, 2013.