SEC Form 4 · accession 0001009626-16-000255
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
Jun 4, 2016
Accepted (ET)
Jun 6, 2016 · 9:02 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,F2 | Jun 4, 2016 | M | 25,000 | $0.00 | A | 31,118 | D | |
| Common StockF3 | Jun 4, 2016 | F | 9,371 | $8.84 | D | 21,747 | 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 | — | Jun 4, 2016 | M | 25,000 | D | — | Jun 4, 2018 | Common Stock | 25,000 | 50,000 | 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 3,647 shares acquired under Brocade's employee stock purchase plan on June 1, 2016.
- 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.