Dino DiMarino - Oct 1, 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
Oct 1, 2021
Transactions value $
-$108,260
Form type
4
Date filed
10/4/2021, 05:00 PM
Previous filing
Sep 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIME Ordinary Shares Options Exercise +2.09K +25.66% 10.2K Oct 1, 2021 Direct F1, F2
transaction MIME Restricted Share Units Tax liability -$108K -1.66K -14.79% $65.06 9.59K Oct 1, 2021 Direct F2, F3, F4, F5
transaction MIME Restricted Share Units Options Exercise -2.09K -21.76% 7.5K Oct 1, 2021 Direct F2, F5, F6
holding MIME Restricted Share Units 1.88K Oct 1, 2021 Direct F2, F7
holding MIME Restricted Share Units 7.5K Oct 1, 2021 Direct F2, F8
holding MIME Restricted Share Units 22.5K Oct 1, 2021 Direct F2, F9
holding MIME Restricted Share Units 29.4K Oct 1, 2021 Direct F2, F10
holding MIME Restricted Share Units 28.5K Oct 1, 2021 Direct F2, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Dino DiMarino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The number of Ordinary Shares reflects the settlement of restricted share units upon vesting, net of Ordinary Shares that were retained (but not issued) by the Issuer in satisfaction of tax withholding obligations associated with the vesting of such units.
F2 Each restricted share unit represents a contingent right to receive one share of the Issuer's Ordinary Shares.
F3 The restricted share units reported as disposed of herein reflect the number of Ordinary Shares underlying the restricted share units that were retained (but not issued) by the Issuer in satisfaction of tax withholding obligations associated with the vesting of such units.
F4 Price reflects the closing price of the Issuer's Ordinary Shares on the Nasdaq Global Select Market on October 1, 2021.
F5 These restricted share units were granted on October 1, 2019. Twenty-five percent (25%) of the units vested on October 1, 2020, twenty-five percent (25%) of the units vested on October 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.
F6 The restricted share units reported as disposed of herein were settled for the Issuer's Ordinary Shares upon the vesting of such units (as reported in Row 1 above).
F7 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 each such vesting date.
F8 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.
F9 These restricted share units were granted 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 three (3) years, provided that the Reporting Person remains an employee of the Issuer on each such vesting date.
F10 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.
F11 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.

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).