SEC Form 4 · accession 0001009626-17-000025
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Lindholm
Officer — SVP, Worldwide Sales
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 7:18 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 Stock | Mar 15, 2017 | S | 7,192 | $12.388 | D | 190,770 | D | |
| Common Stock | Mar 15, 2017 | M | 225,000 | $5.68 | A | 415,770 | D | |
| Common Stock | Mar 15, 2017 | S | 225,000 | $12.372 | D | 190,770 | D | |
| Common Stock | Mar 15, 2017 | M | 65,000 | $8.59 | A | 255,770 | D | |
| Common Stock | Mar 15, 2017 | S | 65,000 | $12.372 | D | 190,770 | D | |
| Common Stock | Mar 15, 2017 | M | 46,666 | $10.89 | A | 237,436 | D | |
| Common Stock | Mar 15, 2017 | S | 46,666 | $12.372 | D | 190,770 | D | |
| Common Stock | Mar 15, 2017 | S | 190,770 | $12.376 | D | 0 | 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)F1 | $5.68 | Mar 15, 2017 | M | 225,000 | D | — | Mar 4, 2020 | Common Stock | 225,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $8.59 | Mar 15, 2017 | M | 65,000 | D | — | Dec 9, 2020 | Common Stock | 65,000 | 13,000 | D |
| Non-Qualified Stock Option (right to buy)F3 | $10.89 | Mar 15, 2017 | M | 46,666 | D | — | Dec 16, 2021 | Common Stock | 46,666 | 33,334 | D |
Explanation of responses
- F1The options vest as to 25% of the shares on March 4, 2014, and 1/48 of the shares vest each month thereafter.
- F2The options vest monthly over four years from November 1, 2013.
- F3The options vest monthly over four years from November 1, 2014.