SEC Form 4 · accession 0001078271-17-000046
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
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 4:08 pm EST
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 | Nov 15, 2017 | M | 21,667 | $0.00 | A | 493,320 | D | |
| Common StockF1 | Nov 15, 2017 | F | 10,611 | $11.83 | D | 482,709 | D | |
| Common Stock | Nov 15, 2017 | M | 21,667 | $0.00 | A | 504,376 | D | |
| Common StockF2 | Nov 15, 2017 | F | 10,611 | $11.83 | D | 493,765 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF4,F3 | $0.00 | Nov 15, 2017 | M | 21,667 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 21,667 | 151,753 | D |
| RSU AwardF4,F5 | $0.00 | Nov 15, 2017 | M | 21,667 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 21,667 | 151,753 | D |
Explanation of responses
- F1Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F2Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F3Performance 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. See note #5 below.
- F4This is not an applicable reportable field for this type of grant.
- F5This 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.