X0306 4 2018-11-30 0 0001170534 MITEL NETWORKS CORP MITL 0001203749 ABBOTT TODD 350 LEGGET DRIVE OTTAWA A6 K2K 2W7 ONTARIO, CANADA 0 1 0 0 EVP Sales and Services Common Shares 2018-11-30 4 D 0 7552 11.15 D 0 D Options (Common Shares) 6.47 2018-11-30 4 D 0 60000 D 2024-05-10 Common Shares 60000 0 D Performance Stock Units 2018-11-30 4 D 0 61125 D 2021-02-28 Common Shares 61125 0 D Restricted Stock Units 2018-11-30 4 D 0 30000 D Common Shares 30000 0 D Restricted Stock Units 2018-11-30 4 D 0 61125 D Common Shares 61125 0 D On November 30, 2018 (the "Closing Date"), MLN AcquisitionCo ULC (the "Purchaser") acquired all of the outstanding common shares of Mitel Networks Corporation (the "Issuer") under a plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"), and Issuer became a wholly owned subsidiary of the Purchaser, an entity currently owned and controlled by funds affiliated with Searchlight Capital Partners, L.P., a private equity investment group. Pursuant to the Plan of Arrangement, each common share was transferred to the Purchaser in exchange for the right to receive US$11.15 in cash, without interest and less any applicable withholding taxes. Represents 60,000 options to purchase common shares (the "Options"). 22,500 of these Options were fully exercisable as of the Closing Date and the remaining 37,500 would have vested in equal installments quarterly. Pursuant to the Plan of Arrangement, Options were cancelled in exchange for the right to receive an amount equal to the excess, if any, of US$11.15 over the exercise price of such option, less any applicable withholding taxes. Date exercisable for each performance share unit ("PSU") will vary for each vesting tranche based on achievement of share price performance milestones. The PSUs will expire three years from the date of grant. Pursuant to the Plan of Arrangement, each PSU was cancelled in consideration for the right to receive US$11.15 in cash per common share subject to such PSU, as calculated in accordance with the Plan of Arrangement, less any applicable withholding taxes. Represents 30,000 common shares underlying 30,000 restricted stock units (each an "RSU") granted on April 7, 2017. None of these RSUs were fully exercisable as of the Closing Date (each a "Non-Exercisable RSU") and would have vested annually in three equal installments starting April 7, 2019. Represents 61,125 common shares underlying 61,125 RSUs granted on February 28, 2018. As of the Closing Date, these RSUs were Non-Exercisable RSUs and would have vested in four equal installments annually starting February 28, 2019. Pursuant to the Plan of Arrangement, each Non-Exercisable RSU was cancelled in exchange for the right to receive US$11.15 in cash, less any applicable withholding taxes, following the date such Non-Exercisable RSUs would have vested in accordance with their terms, subject to the Reporting Person's continued employment through such date. /s/ Todd Abbott 2018-12-04