Robert P. Nault - Apr 1, 2022 Form 4 Insider Report for Mimecast Ltd (MIME)

Role
Sr. Vice President and GC
Signature
/s/ Robert P. Nault
Stock symbol
MIME
Transactions as of
Apr 1, 2022
Transactions value $
-$252,857
Form type
4
Date filed
4/4/2022, 04:30 PM
Previous filing
Jul 6, 2021
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIME Ordinary Shares Options Exercise +7.63K +83.17% 16.8K Apr 1, 2022 Direct F1, F2
transaction MIME Restricted Share Units Tax liability -$64.7K -813 -14.78% $79.59 4.69K Apr 1, 2022 Direct F2, F3, F4, F5
transaction MIME Restricted Share Units Options Exercise -1.94K -41.33% 2.75K Apr 1, 2022 Direct F2, F5, F6
transaction MIME Restricted Share Units Tax liability -$87.5K -1.1K -9.78% $79.59 10.1K Apr 1, 2022 Direct F2, F3, F4, F7
transaction MIME Restricted Share Units Options Exercise -2.65K -26.1% 7.49K Apr 1, 2022 Direct F2, F6, F7
transaction MIME Restricted Share Units Tax liability -$29.2K -367 -29.36% $79.59 883 Apr 2, 2022 Direct F2, F3, F4, F8
transaction MIME Restricted Share Units Options Exercise -883 -100% 0 Apr 2, 2022 Direct F2, F6, F8
transaction MIME Restricted Share Units Tax liability -$71.5K -898 -7.34% $79.59 11.3K Apr 1, 2022 Direct F2, F3, F4, F9
transaction MIME Restricted Share Units Options Exercise -2.16K -19.05% 9.18K Apr 1, 2022 Direct F2, F6, F9
holding MIME Restricted Share Units 9.4K Apr 1, 2022 Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of Ordinary Shares reflects the aggregate settlement of the four (4) restricted share units reported below 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 on either April 1, 2022 or April 2, 2022.
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 April 1, 2022.
F5 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, twenty-five percent (25%) of the units vested on April 1, 2022, and the remainder of the units vest on April 1, 2023, provided that the Reporting Person remains an employee of the Issuer on 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 1, 2020. Twenty-five percent (25%) of the units vested on April 1, 2021, twenty-five percent (25%) of the units vested on April 1, 2022 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.
F8 These restricted share units were granted on April 2, 2018 and vested on an annual basis over four (4) years. The units were fully vested on April 2, 2022.
F9 These restricted share units were granted on April 1, 2021. Twenty-five percent (25%) of the units vested 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.
F10 These restricted share units were granted on July 1, 2021. Twenty-five percent (25%) of the units vest on July 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.