SEC Form 4 · accession 0001009626-15-000092
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Gerdelman
Director
Period of report
Jun 17, 2015
Accepted (ET)
Jun 18, 2015 · 5:12 pm EDT
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 Stock | Jun 17, 2015 | M | 80,000 | $8.29 | A | 235,751 | D | |
| Common StockF1 | Jun 17, 2015 | S | 80,000 | $12.3983 | D | 155,751 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $8.29 | Jun 17, 2015 | M | 80,000 | D | Jan 29, 2011 | Jan 29, 2017 | Common Stock | 80,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.39 to $12.42, inclusive. The reporting person undertakes to provide Brocade Communications Systems, Inc., any security holder of Brocade Communications Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.