SEC Form 4 · accession 0001009626-15-000021
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Lindholm
Officer — SVP, Worldwide Sales
Period of report
Mar 4, 2015
Accepted (ET)
Mar 4, 2015 · 7:22 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 | Mar 4, 2015 | M | 18,750 | $0.00 | A | 55,048 | D | |
| Common StockF2 | Mar 4, 2015 | F | 6,242 | $12.41 | D | 48,806 | 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 | — | Mar 4, 2015 | M | 18,750 | D | — | Mar 4, 2017 | Common Stock | 18,750 | 37,500 | 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.