SEC Form 4 · accession 0001078271-15-000068
EXTREME NETWORKS INC · EXTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Gault
Officer — EVP Global Sales, Channel, Svc
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 6:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001078271
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 8, 2015 | A | 80,000 | $0.00 | A | 80,000 | 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)F2 | $2.51 | May 8, 2015 | A | 100,000 | A | Dec 15, 2015 | May 8, 2022 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Grant of Restricted Stock Unit. Vests in full in 3 years, one-third annually from grant date.
- F2Option is exercisable as vested; 1/4 vests one year from date of hire and then 1/48 vests on each full month thereafter until fully vested, so long as the optionee's employment has not terminated.