Dino DiMarino - Jun 15, 2021 Form 4 Insider Report for Mimecast Ltd (MIME)

Role
Chief Revenue Officer
Signature
/s/ Robert P. Nault, Attorney-in-Fact
Stock symbol
MIME
Transactions as of
Jun 15, 2021
Transactions value $
-$130,675
Form type
4
Date filed
6/16/2021, 05:30 PM
Previous filing
May 17, 2021
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIME Ordinary Shares Options Exercise $33.3K +2K +15.2% $16.64* 15.2K Jun 15, 2021 Direct
transaction MIME Ordinary Shares Options Exercise $69.6K +2K +13.2% $34.82 17.2K Jun 15, 2021 Direct
transaction MIME Ordinary Shares Sale -$234K -4.5K -26.23% $51.91 12.7K Jun 15, 2021 Direct F1
holding MIME Restricted Share Units 1.88K Jun 15, 2021 Direct F2, F3
holding MIME Restricted Share Units 7.5K Jun 15, 2021 Direct F2, F4
holding MIME Restricted Share Units 11.3K Jun 15, 2021 Direct F2, F5
holding MIME Restricted Share Units 22.5K Jun 15, 2021 Direct F2, F6
holding MIME Restricted Share Units 29.4K Jun 15, 2021 Direct F2, F7
holding MIME Restricted Share Units 28.5K Jun 15, 2021 Direct F2, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MIME Share Option (Right to Buy) Options Exercise $0 -2K -48.48% $0.00 2.13K Jun 15, 2021 Ordinary Shares 2K $16.64 Direct F9
transaction MIME Share Option (Right to Buy) Options Exercise $0 -2K -9.52% $0.00 19K Jun 15, 2021 Ordinary Shares 2K $34.82 Direct F10
* 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 16, 2020.
F2 Each restricted share unit represents a contingent right to receive one share of the Issuer's Ordinary Shares.
F3 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, 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.
F4 These restricted share units were granted on April 1, 2019. Twenty-five percent (25%) of the units vested on April 1, 2020 and the remainder of the units vest on an annual basis over the next three (3) years, provided that the Reporting Person remains an employee of the Issuer on each such vesting date.
F5 These restricted share units were granted on October 1, 2019. Twenty-five percent (25%) of the units vested on October 1, 2020, and the remainder of the units vest on an annual basis over the next three (3) years, provided that the Reporting Person remains an employee of the Issuer on each such vesting date.
F6 These restricted share units were granted on April 1, 2020. Twenty-five percent (25%) of the units vest on April 1, 2021 and the remainder of the units vest on an annual basis over the next three (3) years, provided that the Reporting Person remains an employee of the Issuer on each such vesting date.
F7 These restricted share units were granted on April 1, 2021. Twenty-five percent (25%) of the units vest on April 1, 2022 and the remainder of the units vest on an annual basis over the next three (3) years, provided that the Reporting Person remains an employee of the Issuer on each such vesting date.
F8 These restricted share units were granted on May 3, 2021. Twenty-five percent (25%) of the units vest on May 1, 2022 and the remainder of the units vest on an annual basis over the next three (3) years, provided that the Reporting Person remains an employee of the Issuer on each such vesting date.
F9 This option was granted on September 1, 2016. Twenty-five percent (25%) of the shares vested on September 1, 2017 and the remainder of the shares vested on a quarterly basis over the next three (3) years. This option is fully vested.
F10 This option was granted on April 2, 2018. Twenty-five percent (25%) of the shares vested on April 1, 2019, and the remainder of the shares vest on a quarterly basis over the next three (3) 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 October 1, 2019).