SEC Form 4 · accession 0001009626-17-000088
BROCADE COMMUNICATIONS SYSTEMS INC · BRCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ken Cheng
Officer — CTO and SVP, Corporate Develop
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 7:01 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 StockF1 | Nov 1, 2017 | M | 9,333 | $0.00 | A | 261,671 | D | |
| Common StockF2 | Nov 1, 2017 | F | 3,508 | $11.74 | D | 258,163 | D | |
| Common StockF1 | Nov 1, 2017 | M | 18,333 | $0.00 | A | 276,496 | D | |
| Common StockF2 | Nov 1, 2017 | F | 6,890 | $11.74 | D | 269,606 | D | |
| Common StockF1 | Nov 1, 2017 | M | 56,156 | $0.00 | A | 325,762 | D | |
| Common StockF2 | Nov 1, 2017 | F | 21,104 | $11.74 | D | 304,658 | D | |
| Common Stock | holding | — | — | — | 225,727 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | — | Nov 1, 2017 | M | 9,333 | D | — | Nov 1, 2017 | Common Stock | 9,333 | 0 | D |
| Restricted Stock UnitsF3,F1 | — | Nov 1, 2017 | M | 18,333 | D | — | Nov 1, 2018 | Common Stock | 18,333 | 18,333 | D |
| Restricted Stock UnitsF3,F1 | — | Nov 1, 2017 | M | 56,156 | D | — | Nov 1, 2019 | Common Stock | 56,156 | 56,155 | D |
Explanation of responses
- F1Reflects the conversion of previously granted restricted stock units into shares of Brocade common stock in connection with the vesting of the restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
- F2Shares automatically withheld for payment of tax withholding liability in connection with vesting of the restricted stock units pursuant to terms of the restricted stock unit agreement.
- F3Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.