SEC Form 4 · accession 0001009626-15-000127
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
Nov 1, 2015
Accepted (ET)
Nov 3, 2015 · 6:07 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,F2 | Nov 1, 2015 | M | 10,333 | $0.00 | A | 62,889 | D | |
| Common StockF3 | Nov 1, 2015 | F | 3,359 | $10.42 | D | 59,530 | D | |
| Common StockF1 | Nov 1, 2015 | M | 10,667 | $0.00 | A | 70,197 | D | |
| Common StockF3 | Nov 1, 2015 | F | 3,467 | $10.42 | D | 66,730 | 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 UnitsF4,F1 | — | Nov 1, 2015 | M | 10,333 | D | — | Nov 1, 2016 | Common Stock | 10,333 | 10,333 | D |
| Restricted Stock UnitsF4,F1 | — | Nov 1, 2015 | M | 10,667 | D | — | Nov 1, 2017 | Common Stock | 10,667 | 21,333 | 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.
- F2Includes 3,750 shares acquired under Brocade's employee stock purchase plan on June 1, 2015.
- F3Shares 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.
- F4Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.