Michael Paisley - Apr 1, 2022 Form 4 Insider Report for Mimecast Ltd (MIME)

Signature
/s/ Robert P. Nault, Attorney-in-Fact
Stock symbol
MIME
Transactions as of
Apr 1, 2022
Transactions value $
-$97,259
Form type
4
Date filed
4/4/2022, 06:00 PM
Previous filing
Oct 4, 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 +1.38K +47.05% 4.31K Apr 1, 2022 Direct F1, F2, F3
transaction MIME Restricted Share Units Tax liability -$97.3K -1.22K -11.75% $79.59 9.18K Apr 1, 2022 Direct F2, F4, F5, F6
transaction MIME Restricted Share Units Options Exercise -1.38K -15.01% 7.8K Apr 1, 2022 Direct F2, F6, F7
holding MIME Restricted Share Units 15.4K Apr 1, 2022 Direct F2, F8
* 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 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 Includes 205 Ordinary Shares, issued to the Reporting Person on December 31, 2021, net of required tax withholdings, under the Mimecast Limited 2015 Employee Share Purchase Plan.
F4 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.
F5 Price reflects the closing price of the Issuer's Ordinary Shares on the Nasdaq Global Select Market on April 1, 2022.
F6 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.
F7 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).
F8 These restricted share units were granted 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 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 September 21, 2020).