SEC Form 4 · accession 0001009626-17-000029

BROCADE COMMUNICATIONS SYSTEMS INC · BRCD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Mar 22, 2017

Accepted (ET)

Mar 24, 2017 · 7:47 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
Common Stock	Mar 22, 2017	M	333,333	$8.59	A	1,143,810	D
Common Stock^F1	Mar 22, 2017	S	333,333	$12.476	D	810,477	D
Common Stock	Mar 22, 2017	M	239,166	$10.89	A	1,049,643	D
Common Stock^F1	Mar 22, 2017	S	239,166	$12.476	D	810,477	D
Common Stock^F2	Mar 22, 2017	S	94,792	$12.466	D	715,685	D
Common Stock^F2	Mar 22, 2017	S	49,198	$12.466	D	666,487	D
Common Stock^F2	Mar 22, 2017	S	51,964	$12.466	D	614,523	D
Common Stock^F2	Mar 22, 2017	S	40,694	$12.466	D	573,829	D
Common Stock^F2	Mar 22, 2017	S	241,769	$12.466	D	332,060	D
Common Stock	Dec 23, 2016	G	80,000	$0.00	D	252,060	D

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	$8.59	Mar 22, 2017	M	333,333	D	—	Dec 9, 2020	Common Stock	333,333	66,667	D
Non-Qualified Stock Option (right to buy)^F4	$10.89	Mar 22, 2017	M	239,166	D	—	Dec 16, 2021	Common Stock	239,166	170,834	D

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.47 to $12.485, inclusive. The reporting person undertakes to provide Brocade Communications Systems, Inc., any security holder of Brocade Communications Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.46 to $12.475, inclusive. The reporting person undertakes to provide Brocade Communications Systems, Inc., any security holder of Brocade Communications Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3The options vest monthly over four years from November 1, 2013.
F4The options vest monthly over four years from November 1, 2014.