SEC Form 4 · accession 0001078271-17-000020
EXTREME NETWORKS INC · EXTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Meyercord
Officer — President and CEO · Director
Period of report
Jul 31, 2017
Accepted (ET)
Aug 16, 2017 · 4:44 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 | Jul 31, 2017 | J | 8,865 | $2.397 | A | 483,255 | D | |
| Common Stock | Aug 15, 2017 | M | 86,580 | $0.00 | A | 569,835 | D | |
| Common StockF2 | Aug 15, 2017 | F | 42,381 | $10.39 | D | 527,454 | D | |
| Common Stock | Aug 15, 2017 | M | 86,580 | $0.00 | A | 614,034 | D | |
| Common StockF3 | Aug 15, 2017 | F | 42,381 | $10.39 | D | 571,653 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF5,F4 | $0.00 | Aug 15, 2017 | M | 86,580 | D | Aug 15, 2017 | Aug 15, 2019 | Common Stock | 86,580 | 173,420 | D |
| RSU AwardF5,F6 | $0.00 | Aug 15, 2017 | M | 86,580 | D | Aug 15, 2017 | Aug 15, 2019 | Common Stock | 86,580 | 173,420 | D |
Explanation of responses
- F1Shares were purchased through the 2014 Employee Stock Purchase Plan.
- F2Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F3Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F4Performance grants were earned when EXTR shares reached $5.00 per share for 30 consecutive trading days after January 1st 2017. Shares vest on the same schedule as the Time-Based RSUs granted at the same time.
- F5This is not an applicable reportable field for this type of grant.
- F6This Time Based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.