ShoreTel Announces Successful Completion of Employee Stock Option Exchange Program
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
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