SEC Form 4 · accession 0001009626-16-000324
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Gerdelman
Director
Period of report
Dec 13, 2016
Accepted (ET)
Dec 15, 2016 · 7:19 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 | Dec 13, 2016 | M | 20,000 | $6.32 | A | 223,474 | D | |
| Common StockF1,F2 | Dec 13, 2016 | F | 10,202 | $12.39 | D | 213,272 | 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 | $6.32 | Dec 13, 2016 | M | 20,000 | D | — | Apr 12, 2017 | Common Stock | 20,000 | 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 December 13, 2016.
- F2Amount of securities beneficially owned includes 20,223 unvested restricted stock units.
- F3The options vested in full on April 12, 2011, subject to the terms of the 2009 Director Plan.