-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KhF4CicsUC/9Ul09BwlO+70zCyTRYeGszCTr/QwqxyNn6VdH37RIz+D8ImOJBNak 8RNitH1ynvaxxF+6f1urxQ== 0000950005-08-000136.txt : 20080214 0000950005-08-000136.hdr.sgml : 20080214 20080214154116 ACCESSION NUMBER: 0000950005-08-000136 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 GROUP MEMBERS: FC LEADERSHIP MANAGEMENT CO., L.L.C GROUP MEMBERS: FC LEADERSHIP PRINCIPALS FUND, L.L.C. GROUP MEMBERS: FOUNDATION CAPITAL ENTREPRENEURS FUND, L.L.C. GROUP MEMBERS: FOUNDATION CAPITAL LEADERSHIP, L.P. GROUP MEMBERS: FOUNDATION CAPITAL MANAGEMENT FUND, L.L.C. GROUP MEMBERS: FOUNDATION CAPITAL, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ShoreTel Inc CENTRAL INDEX KEY: 0001388133 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 770443568 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83800 FILM NUMBER: 08614858 BUSINESS ADDRESS: STREET 1: 960 STEWART DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94085 BUSINESS PHONE: 408 331 3300 MAIL ADDRESS: STREET 1: 960 STEWART DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94085 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOUNDATION CAPITAL LP CENTRAL INDEX KEY: 0001005669 IRS NUMBER: 943233429 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2480 SAND HILL RD STREET 2: STE 200 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13G 1 p20350sc13g.htm SCHEDULE 13G Schedule 13G - Form - revised to 10/15/97 bulletin

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. ___) *

ShoreTel, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

825211 10 5

(CUSIP Number)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[   ]

Rule 13d-1(b)

[   ]

Rule 13d-1(c)

[X]

Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






CUSIP NO.  825211 10 5

13 G

Page 2 of 11 Pages

   

1

NAMES OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Foundation Capital, L.P.

94-3233429

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [   ]

(b) [X] (1)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

0 shares of Common Stock

6

SHARED VOTING POWER

6,815,679 shares of Common Stock (2)

7

SOLE DISPOSITIVE POWER

0 shares of Common Stock

8

SHARED DISPOSITIVE POWER

6,815,679 shares of Common Stock (2)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,815,679 shares of Common Stock (2)

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)

EXCLUDES CERTAIN SHARES*

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

15.99% (3)

12

TYPE OF REPORTING PERSON*

PN

(1) This Schedule 13G is filed by Foundation Capital, L.P. (“FC”), Foundation Capital Entrepreneurs Fund, L.L.C. (“FCE”), Foundation Capital Management Company, L.L.C. (“FCM”), Foundation Capital Leadership Fund, L.P. (“FCL”), FC Leadership Principals Fund, L.L.C. (“FCLP”) and FC Leadership Management Company, L.L.C. (“FCLM” and together with FC, FCE, FCM, FCL and FCLP, collectively, the “Reporting Persons”).  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Includes (i) 4,098,394 shares held by FC; (ii) 455,375 shares held by FCE; (iii) 2,203,148 shares held by FCL; and (iv) 58,762 shares held by FCLP.  FCM serves as the sole general partner of FC and serves as the manager of FCE and the managers of FCM share voting and dispositive power over the shares held by FC and FCE.  FCLM serves as the sole general partner of FCL and serves as the manager of FCLP and the managers of FCLM share voting and dispositive power over the shares held by FCL and FCLP.  As such, FCM and FCLM may be deemed to own beneficially the shares held by FC and FCE and FCL and FCLP, respectively, however, FCM and FCLM own no securities of the Issuer directly.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2007.

(3) This percentage is calculated based upon 42,622,671 shares of the Common Stock outstanding (as of October 31, 2007), as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 14, 2007.







CUSIP NO.  825211 10 5

13 G

Page 3 of 11 Pages

   

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Foundation Capital Entrepreneurs Fund, L.L.C.

94-3241514

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [   ]

(b) [X] (1)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

0 shares of Common Stock

6

SHARED VOTING POWER

6,815,679 shares of Common Stock (2)

7

SOLE DISPOSITIVE POWER

0 shares of Common Stock

8

SHARED DISPOSITIVE POWER

6,815,679 shares of Common Stock (2)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,815,679 shares of Common Stock (2)

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)

EXCLUDES CERTAIN SHARES*

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

15.99% (3)

12

TYPE OF REPORTING PERSON*

OO

(1) This Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Includes (i) 4,098,394 shares held by FC; (ii) 455,375 shares held by FCE; (iii) 2,203,148 shares held by FCL; and (iv) 58,762 shares held by FCLP.  FCM serves as the sole general partner of FC and serves as the manager of FCE and the managers of FCM share voting and dispositive power over the shares held by FC and FCE.  FCLM serves as the sole general partner of FCL and serves as the manager of FCLP and the managers of FCLM share voting and dispositive power over the shares held by FCL and FCLP.  As such, FCM and FCLM may be deemed to own beneficially the shares held by FC and FCE and FCL and FCLP, respectively, however, FCM and FCLM own no securities of the Issuer directly.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2007.

(3) This percentage is calculated based upon 42,622,671 shares of the Common Stock outstanding (as of October 31, 2007), as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 14, 2007.






CUSIP NO.  825211 10 5

13 G

Page 4 of 11 Pages

   

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Foundation Capital Management Fund, L.L.C.

94-3233430

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [   ]

(b) [X] (1)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

0 shares of Common Stock

6

SHARED VOTING POWER

6,815,679 shares of Common Stock (2)

7

SOLE DISPOSITIVE POWER

0 shares of Common Stock

8

SHARED DISPOSITIVE POWER

6,815,679 shares of Common Stock (2)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,815,679 shares of Common Stock (2)

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)

EXCLUDES CERTAIN SHARES*

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

15.99% (3)

12

TYPE OF REPORTING PERSON*

OO

(1) This Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Includes (i) 4,098,394 shares held by FC; (ii) 455,375 shares held by FCE; (iii) 2,203,148 shares held by FCL; and (iv) 58,762 shares held by FCLP.  FCM serves as the sole general partner of FC and serves as the manager of FCE and the managers of FCM share voting and dispositive power over the shares held by FC and FCE.  FCLM serves as the sole general partner of FCL and serves as the manager of FCLP and the managers of FCLM share voting and dispositive power over the shares held by FCL and FCLP.  As such, FCM and FCLM may be deemed to own beneficially the shares held by FC and FCE and FCL and FCLP, respectively, however, FCM and FCLM own no securities of the Issuer directly.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2007.

(3) This percentage is calculated based upon 42,622,671 shares of the Common Stock outstanding (as of October 31, 2007), as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 14, 2007.






CUSIP NO.  825211 10 5

13 G

Page 5 of 11 Pages

   

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Foundation Capital Leadership, L.P.   

94-3370925

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [   ]

(b) [X] (1)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

0 shares of Common Stock

6

SHARED VOTING POWER

6,815,679 shares of Common Stock (2)

7

SOLE DISPOSITIVE POWER

0 shares of Common Stock

8

SHARED DISPOSITIVE POWER

6,815,679 shares of Common Stock (2)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,815,679 shares of Common Stock (2)

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)

EXCLUDES CERTAIN SHARES*

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

15.99% (3)

12

TYPE OF REPORTING PERSON*

PN

(1) This Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Includes (i) 4,098,394 shares held by FC; (ii) 455,375 shares held by FCE; (iii) 2,203,148 shares held by FCL; and (iv) 58,762 shares held by FCLP.  FCM serves as the sole general partner of FC and serves as the manager of FCE and the managers of FCM share voting and dispositive power over the shares held by FC and FCE.  FCLM serves as the sole general partner of FCL and serves as the manager of FCLP and the managers of FCLM share voting and dispositive power over the shares held by FCL and FCLP.  As such, FCM and FCLM may be deemed to own beneficially the shares held by FC and FCE and FCL and FCLP, respectively, however, FCM and FCLM own no securities of the Issuer directly.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2007.

(3) This percentage is calculated based upon 42,622,671 shares of the Common Stock outstanding (as of October 31, 2007), as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 14, 2007.






CUSIP NO.  825211 10 5

13 G

Page 6 of 11 Pages

   

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

FC Leadership Principals Fund, L.L.C.

94-3377483

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [   ]

(b) [X] (1)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

0 shares of Common Stock

6

SHARED VOTING POWER

6,815,679 shares of Common Stock (2)

7

SOLE DISPOSITIVE POWER

0 shares of Common Stock

8

SHARED DISPOSITIVE POWER

6,815,679 shares of Common Stock (2)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,815,679 shares of Common Stock (2)

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)

EXCLUDES CERTAIN SHARES*

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

15.99% (3)

12

TYPE OF REPORTING PERSON*

OO

(1) This Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Includes (i) 4,098,394 shares held by FC; (ii) 455,375 shares held by FCE; (iii) 2,203,148 shares held by FCL; and (iv) 58,762 shares held by FCLP.  FCM serves as the sole general partner of FC and serves as the manager of FCE and the managers of FCM share voting and dispositive power over the shares held by FC and FCE.  FCLM serves as the sole general partner of FCL and serves as the manager of FCLP and the managers of FCLM share voting and dispositive power over the shares held by FCL and FCLP.  As such, FCM and FCLM may be deemed to own beneficially the shares held by FC and FCE and FCL and FCLP, respectively, however, FCM and FCLM own no securities of the Issuer directly.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2007.

(3) This percentage is calculated based upon 42,622,671 shares of the Common Stock outstanding (as of October 31, 2007), as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 14, 2007.






CUSIP NO.  825211 10 5

13 G

Page 7 of 11 Pages

   

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

FC Leadership Management Co., L.L.C

91-2076858

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [   ]

(b) [X] (1)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

0 shares of Common Stock

6

SHARED VOTING POWER

6,815,679 shares of Common Stock (2)

7

SOLE DISPOSITIVE POWER

0 shares of Common Stock

8

SHARED DISPOSITIVE POWER

6,815,679 shares of Common Stock (2)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,815,679 shares of Common Stock (2)

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)

EXCLUDES CERTAIN SHARES*

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

15.99% (3)

12

TYPE OF REPORTING PERSON*

OO

(1) This Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Includes (i) 4,098,394 shares held by FC; (ii) 455,375 shares held by FCE; (iii) 2,203,148 shares held by FCL; and (iv) 58,762 shares held by FCLP.  FCM serves as the sole general partner of FC and serves as the manager of FCE and the managers of FCM share voting and dispositive power over the shares held by FC and FCE.  FCLM serves as the sole general partner of FCL and serves as the manager of FCLP and the managers of FCLM share voting and dispositive power over the shares held by FCL and FCLP.  As such, FCM and FCLM may be deemed to own beneficially the shares held by FC and FCE and FCL and FCLP, respectively, however, FCM and FCLM own no securities of the Issuer directly.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2007.

(3) This percentage is calculated based upon 42,622,671 shares of the Common Stock outstanding (as of October 31, 2007), as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 14, 2007.







Introductory Note: This Statement on Schedule 13G is filed on behalf of the Reporting Persons, in respect of shares of Common Stock, par value $0.001 per share (“Common Stock”), of ShoreTel, Inc. (the “Issuer”).

Item 1

(a)

Name of Issuer:

ShoreTel, Inc.

(b)

Address of Issuer’s Principal Executive Offices:

960 Stewart Drive

Sunnyvale, California  94085

Item 2

(a)

Name of Person(s) Filing:


Foundation Capital, L.P. (“FC”)

Foundation Capital Entrepreneurs Fund, L.L.C. (“FCE”)

Foundation Capital Management Company, L.L.C. (“FCM”)

Foundation Capital Leadership Fund, L.P. (“FCL”)

FC Leadership Principals Fund, L.L.C. (“FCLP”)

FC Leadership Management Company, L.L.C. (“FCLM”)


(b)

Address of Principal Business Office:


c/o Foundation Capital

70 Willow Road, Suite 200

Menlo Park, California  94025


(c)

Citizenship:


Entities:

FC

–

Delaware, United States of America

FCE

–

Delaware, United States of America

FCM

–

Delaware, United States of America

FCL

–

Delaware, United States of America

FCLP

–

Delaware, United States of America

FCLM

–

Delaware, United States of America


(d)

Title of Class of Securities:

Common Stock


(e)

CUSIP Number:

825211 10 5

Item 3

Not applicable.



Page 8 of 11 Pages




Item 4

Ownership.

The following information with respect to the ownership of the Common Stock by the Reporting Persons filing this Statement is provided as of December 31, 2007:

Reporting Persons

Shares Held Directly

Sole Voting Power

Shared Voting Power

Sole Dispositive Power

Shared Dispositive Power

Beneficial Ownership

Percentage of Class (2)

FC

4,098,394

0

6,815,679

0

6,815,679

6,815,679

15.99%

FCE

455,375

0

6,815,679

0

6,815,679

6,815,679

15.99%

FCM (1)

0

0

6,815,679

0

6,815,679

6,815,679

15.99%

FCL

2,203,148

0

6,815,679

0

6,815,679

6,815,679

15.99%

FCLP

58,762

0

6,815,679

 

6,815,679

6,815,679

15.99%

FCLM (1)

0

0

6,815,679

 

6,815,679

6,815,679

15.99%

(1) FCM serves as the sole general partner of FC and serves as the manager of FCE and the managers of FCM share voting and dispositive power over the shares held by FC and FCE.  FCLM serves as the sole general partner of FCL and serves as the manager of FCLP and the managers of FCLM share voting and dispositive power over the shares held by FCL and FCLP.  As such, FCM and FCLM may be deemed to own beneficially the shares held by FC and FCE, and FCL and FCLP, respectively, however, FCM and FCLM own no securities of the Issuer directly.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2007.

(2) This percentage is calculated based upon 42,622,671 shares of the Common Stock outstanding (as of October 31, 2007), as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 14, 2007.


Item 5

Ownership of Five Percent or Less of a Class.


If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:      


Item 6

Ownership of More Than Five Percent on Behalf of Another Person.


Under certain circumstances set forth in the limited partnership agreement of FC and FCL and the limited liability company agreements of FC2E, FC2M, FCLP and FCLM, the general and limited partners of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the Issuer owned by each such entity of which they are a partner.


Item 7

Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8

Identification and Classification of Members of the Group.

Not applicable.

Item 9

Notice of Dissolution of Group.

Not applicable.

Item 10

Certification.

Not applicable.



Page 9 of 11 Pages




SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Dated:  February 13, 2008


Foundation Capital Management Co., L.L.C.


By:       /s/ William B. Elmore                              

Member


Foundation Capital, L.P.

By:

Foundation Capital Management Co., L.L.C.

its General Partner


By:       /s/ William B. Elmore                              

Member


Foundation Capital Entrepreneurs Fund, L.L.C.

By:

Foundation Capital Management Co., L.L.C.

its Manager


By:       /s/ William B. Elmore                              

Member


FC Leadership Management Co., L.L.C.


By:       /s/ William B. Elmore                              

Member


Foundation Capital Leadership Fund, L.P.

By:

FC Leadership Management Co., L.L.C.

its General Partner


By:       /s/ William B. Elmore                              

Member


Foundation Capital Leadership Principals Fund, L.L.C.

By:

FC Leadership Management Co., L.L.C.

its Manager


By:       /s/ William B. Elmore                              

Member


Exhibit(s):


A:

Joint Filing Statement



Page 10 of 11 Pages





Exhibit A

We, the undersigned, hereby express our agreement that the attached Schedule 13G (or any amendments thereto) relating to the Common Stock of ShoreTel, Inc. is filed on behalf of each of us.


Dated:  February 13, 2008


Foundation Capital Management Co., L.L.C.


By:       /s/ William B. Elmore                             

Member


Foundation Capital, L.P.

By:

Foundation Capital Management Co., L.L.C.

its General Partner


By:       /s/ William B. Elmore                             

Member


Foundation Capital Entrepreneurs Fund, L.L.C.

By:

Foundation Capital Management Co., L.L.C.

its Manager


By:       /s/ William B. Elmore                             

Member


FC Leadership Management Co., L.L.C.


By:       /s/ William B. Elmore                             

Member


Foundation Capital Leadership Fund, L.P.

By:

FC Leadership Management Co., L.L.C.

its General Partner


By:       /s/ William B. Elmore                             

Member


Foundation Capital Leadership Principals Fund, L.L.C.

By:

FC Leadership Management Co., L.L.C.

its Manager


By:       /s/ William B. Elmore                             

Member



Page 11 of 11 Pages


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