SEC Form 4 · accession 0001009626-15-000004
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lloyd Carney
Officer — Chief Executive Officer · Director
Period of report
Jan 16, 2015
Accepted (ET)
Jan 20, 2015 · 6:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001009626
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 16, 2015 | M | 76,667 | $0.00 | A | 76,667 | D | |
| Common StockF2 | Jan 16, 2015 | F | 29,183 | $11.76 | D | 47,484 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | — | Jan 16, 2015 | M | 76,667 | D | — | Jan 16, 2016 | Common Stock | 76,667 | 76,666 | D |
Explanation of responses
- F1Reflects the conversion of previously granted restricted stock units into shares of Brocade common stock in connection with the vesting of the restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
- F2Shares automatically withheld for payment of tax withholding liability in connection with vesting of the restricted stock units pursuant to terms of the restricted stock unit agreement.
- F3Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.