SEC Form 4 · accession 0001009626-16-000220
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L House
Director
Period of report
Apr 7, 2016
Accepted (ET)
Apr 11, 2016 · 4:23 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 StockF1 | Apr 7, 2016 | A | 5,000 | $0.00 | A | 225,501 | D | |
| Common StockF2 | Apr 7, 2016 | A | 20,223 | $0.00 | A | 245,724 | D | |
| Common Stock | Apr 8, 2016 | M | 20,000 | $4.19 | A | 265,724 | D | |
| Common StockF3 | Apr 8, 2016 | M | 7,500 | $4.19 | A | 273,224 | 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) | $4.19 | Apr 8, 2016 | M | 20,000 | D | Apr 15, 2010 | Apr 15, 2016 | Common Stock | 20,000 | 0 | D |
| Non-Qualified Stock Option (right to buy) | $4.19 | Apr 8, 2016 | M | 7,500 | D | Apr 15, 2013 | Apr 15, 2016 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1Represents an annual grant of restricted stock units to the Chairman of the Board of Directors that will vest in full at Brocade's 2017 annual meeting of stockholders, subject to the terms of the 2009 Stock Plan, as amended. Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
- F2Represents an automatic non-discretionary annual grant of restricted stock units that will vest in full no later than April 7, 2017 subject to the terms of the 2009 Director Plan, as amended. Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
- F3Amount of securities beneficially owned includes 25,223 unvested restricted stock units.