SEC Form 4 · accession 0001009626-16-000290
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel W Fairfax
Officer — SVP and CFO
Period of report
Oct 30, 2016
Accepted (ET)
Nov 1, 2016 · 8:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001009626
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Oct 30, 2016 | A | 121,422 | A | — | Nov 1, 2019 | Common Stock | 121,422 | 121,422 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
- F2Subject to the provisions in the restricted stock unit agreement, 50% of the restricted stock units are scheduled to vest on November 1, 2017, and 25% of the restricted stock units are scheduled to vest on each of November 1, 2018 and November 1, 2019.