ShoreTel Announces Successful Completion of Employee Stock Option Exchange Program
Posted on: Thursday, 5 February 2009, 06:00 CST
ShoreTel has accepted for exchange and cancellation options to purchase 3,215,173 shares of its common stock, representing approximately 42 percent of total outstanding options as of
Subject to the terms and conditions of the program, in exchange for the eligible options that were accepted for exchange and cancellation, ShoreTel issued new options to purchase an aggregate of 3,215,173 shares of its common stock. The new options were issued on
The full terms and conditions of the stock option exchange program are set forth in a Tender Offer Statement on Schedule TO, as amended, that ShoreTel has filed with the SEC.
About ShoreTel, Inc.
ShoreTel, Inc., (NASDAQ: SHOR) is a leading provider of Pure IP Unified Communications systems. ShoreTel enables companies of any size to seamlessly integrate all communications -- voice, data, messaging -- with their business processes. Independent of device or location, ShoreTel's distributed software architecture eliminates the traditional costs, complexity and reliability issues typically associated with other solutions. ShoreTel continues to deliver the highest levels of customer satisfaction, ease of use and manageability while driving down the overall total cost of ownership. ShoreTel is headquartered in
SOURCE ShoreTel, Inc.
Source: PR Newswire
Related Articles
- UTC President & CEO Reaffirms Expected 2009 Earnings Per Share of $4.10; Expects EPS of $4.40 to $4.65 in 2010, up 7 to 13 Percent
- NorthWestern Declares Quarterly Common Stock Dividend of 33.5 Cents Per Share
- Thompson Creek announces completion of stock option cancellation program
- SunPower Announces Full Exercise of Overallotment Options for Offerings of 10,350,000 Shares of Class A Common Stock and $230 Million of Senior Convertible Debentures
- Honeywell 2008 Full-Year Sales Up 6%, Earnings Per Share up 19%; Reaffirms 2009 Earnings Per Share Outlook
- Roberts Realty Investors, Inc. Increases Stock Repurchase Plan to 600,000 Shares
- EqualLogic Announces Test Results From Microsoft Exchange Solution Reviewed Program (ESRP)
- US Airways Exchanges Common Stock for America West Holdings Corporations' 7.50 Percent Convertible Senior Notes
- Comcast Corporation Commences One-Time Stock Option Liquidity Program for Non-Employee Holders of Comcast Stock Options
- Comcast Corporation to Conduct One-Time Stock Option Liquidity Program
 |
 |
User Comments (0)
RSS Feeds