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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/13/2007 |
3. Issuer Name and Ticker or Trading Symbol
INTER TEL INC [ INTL ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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 Stock | 1,670 | D(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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 | ||||
Stock Options | (2) | 05/28/2007 | Common Stock | 21,000 | $7.9375 | D | |
Stock Options | (3) | 08/08/2010 | Common Stock | 10,000 | $12.875 | D | |
Stock Options | (4) | 03/09/2011 | Common Stock | 15,000 | $9.0313 | D | |
Stock Options | (5) | 04/30/2011 | Common Stock | 7,500 | $9.89 | D | |
Stock Options | (6) | 04/14/2013 | Common Stock | 9,000 | $13.57 | D | |
Stock Options | (7) | 05/03/2015 | Common Stock | 10,000 | $19.13 | D | |
Stock Options | (8) | 07/28/2016 | Common Stock | 10,000 | $21.23 | D | |
Performance Shares | (9) | 04/27/2009 | Common Stock | 2,000 | $21.23(10) | D |
Explanation of Responses: |
1. 350 shares of the total of 1670 shares held in a 401(k) account |
2. 1/5th of the original grant of 40,000 on each anniverary of grant date 5/28/1997 |
3. 1/5th of the original grant of 10,000 on each anniversary of grant date 08/08/2000 |
4. 1/5th of the original grant of 15,000 on each anniversary of original grant date 03/09/2001 |
5. 1/5th of the original grant of 7,500 on each anniversary of grant date 04/30/2001 |
6. 1/5th of the original grant of 9,000 on each anniversary of grant date 04/14/2003 |
7. 1/3rd of the original grant of 10,000 on each anniverary of grant date of 05/03/2005 |
8. 1/3rd of the original grant of 10,000 on each anniverary of grant date 07/28/2006 |
9. 1/2 on 04/27/2008 and 1/2 on 04/27/2009 so long as the Company meets or exceeds selected earnings per share targets |
10. Although the market price on the date of the award was $21.23, should the performance goals be achieved, the shares will be issued at no cost |
Kurt R. Kneip | 02/23/2007 | |
** 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 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. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |