SEC Form 4 · accession 0001078271-17-000013
EXTREME NETWORKS INC · EXTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Gault
Officer — EVP Worldwide Sales Services a
Period of report
May 31, 2017
Accepted (ET)
Jun 2, 2017 · 4:46 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 Stock | May 31, 2017 | M | 46,444 | $2.51 | A | 200,482 | D | |
| Common Stock | May 31, 2017 | S | 46,444 | $9.53 | D | 154,038 | D | |
| Common Stock | May 31, 2017 | M | 13,972 | $2.51 | A | 168,010 | D | |
| Common StockF1 | May 31, 2017 | S | 13,972 | $9.5843 | D | 154,038 | D | |
| Common Stock | May 31, 2017 | S | 42,153 | $9.53 | D | 111,885 | D | |
| Common StockF2 | May 31, 2017 | S | 32,685 | $9.559 | D | 79,200 | 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 | $2.51 | May 31, 2017 | M | 46,444 | D | Dec 15, 2015 | May 8, 2022 | Common Stock | 46,444 | 53,556 | D |
| Non-Qualified Stock Option (right to buy)F3 | $2.51 | May 31, 2017 | M | 13,972 | D | Dec 15, 2015 | May 8, 2022 | Common Stock | 13,972 | 39,584 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from 9.55 to 9.61 The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2This transaction was executed in multiple trades at prices ranging from 9.55 to 9.605 The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Option 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.