SEC Form 4 · accession 0001009626-16-000315
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Renato A Dipentima
Director
Period of report
Nov 23, 2016
Accepted (ET)
Nov 28, 2016 · 6:11 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 Stock | Nov 23, 2016 | M | 80,000 | $8.29 | A | 226,800 | D | |
| Common StockF1,F2 | Nov 23, 2016 | F | 53,098 | $12.49 | D | 173,702 | 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)F3 | $8.29 | Nov 23, 2016 | M | 80,000 | D | — | Jan 29, 2017 | Common Stock | 80,000 | 0 | D |
Explanation of responses
- F1Shares withheld for payment of exercise price pursuant to terms of the option agreement. The fair market value of Brocade common stock used for purposes of calculating the number of shares to be withheld was the closing price of Brocade common stock as reported on the NASDAQ Stock Market on November 23, 2016.
- F2Amount of securities beneficially owned includes 20,223 unvested restricted stock units.
- F3Subject to the provisions in the option agreement, options vest quarterly over four years beginning April 29, 2007.