Peter Bauer - Jun 7, 2021 Form 4 Insider Report for Mimecast Ltd (MIME)

Signature
/s/ Robert P. Nault, Attorney-in-Fact
Stock symbol
MIME
Transactions as of
Jun 7, 2021
Transactions value $
-$381,286
Form type
4
Date filed
6/8/2021, 04:30 PM
Previous filing
May 18, 2021
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIME Ordinary Shares Sale -$37.1K -740 -0.04% $50.19 1.94M Jun 7, 2021 By Rock Trustees Limited F1, F2, F3
transaction MIME Ordinary Shares Sale -$344K -6.76K -0.35% $50.91 1.94M Jun 7, 2021 By Rock Trustees Limited F1, F3, F4
holding MIME Ordinary Shares 1.37M Jun 7, 2021 By Declaration of Trust of Peter Bauer F5
holding MIME Ordinary Shares 9.54K Jun 7, 2021 By The Bauer Irrevocable Trust - 2020 F6
holding MIME Restricted Shares 2.25K Jun 7, 2021 Direct F7, F8
holding MIME Restricted Shares 9K Jun 7, 2021 Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2020.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 - $50.37, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 These shares are held by Rock Trustees Limited as trustee of the Butterworth Trust (the "Butterworth Trust"), of which the Reporting Person is a beneficiary. As trustee of the Butterworth Trust, Rock Trustees Limited exercises dispositive power over the shares held therein. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by the Butterworth Trust, except to the extent, if any, of his pecuniary interest therein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.62 - $51.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 These shares are held by the Declaration of Trust of Peter Bauer. The Reporting Person is a beneficiary, and the sole trustee of, the Declaration of Trust of Peter Bauer.
F6 These shares are held by The Bauer Irrevocable Trust - 2020 for the benefit of the Reporting Person's children. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by The Bauer Irrevocable Trust - 2020, except to the extent, if any, of his pecuniary interest therein.
F7 Each restricted share unit represents a contingent right to receive one share of the Issuer's Ordinary Shares.
F8 These restricted share units were granted on April 2, 2018. Twenty-five percent (25%) of the units vested on April 2, 2019, twenty-five percent (25%) of the units vested on April 2, 2020, twenty-five percent (25%) of the units vested on April 2, 2021, and the remainder of the units vest on April 2, 2022, provided that the Reporting Person remains an employee of the Issuer on such vesting date.
F9 These restricted share units were granted on April 1, 2019. Twenty-five percent (25%) of the units vested on April 1, 2020, twenty-five percent (25%) of the units vested on April 1, 2021, and the remainder of the units vest on an annual basis over the next two (2) years, provided that the Reporting Person remains an employee of the Issuer on each such vesting date.

Remarks:

Exhibit 24 Power of Attorney (incorporated by reference to Power of Attorney filed as Exhibit 24 to Form 3 filed by the Reporting Person on April 2, 2018).