SEC Form 4 · accession 0001009626-15-000151
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen Odonnell
Officer — SVP & General Counsel
Period of report
Dec 15, 2015
Accepted (ET)
Dec 16, 2015 · 7:02 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 | Dec 15, 2015 | S | 5,409 | $8.60 | D | 2,471 | 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,F4 | — | Dec 15, 2015 | A | 35,000 | A | — | Nov 1, 2018 | Common Stock | 35,000 | 35,000 | D |
Explanation of responses
- F1Shares sold pursuant to 10b5-1 trading plan previously adopted by the reporting person in March 2015.
- F2Includes 849 shares acquired under Brocade's employee stock purchase plan on December 1, 2015.
- F3Each restricted stock unit (RSU) represents a contingent right to receive one share of Brocade common stock.
- F4Subject to the provisions in the RSU agreement, the RSUs vest annually over three years from November 1, 2015.