SEC Form 4 · accession 0001078271-17-000053
EXTREME NETWORKS INC · EXTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Drew Davies
Officer — EVP Chief Financial Officer
Period of report
Dec 1, 2017
Accepted (ET)
Dec 5, 2017 · 4:14 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 StockF1 | Dec 1, 2017 | M | 8,334 | $0.00 | A | 123,573 | D | |
| Common StockF2,F1 | Dec 1, 2017 | F | 3,132 | $12.91 | D | 120,441 | D | |
| Common StockF3,F1 | Dec 1, 2017 | F | 3,132 | $12.91 | D | 117,309 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Based RSUF4 | $0.00 | Dec 1, 2017 | M | 8,334 | D | Jun 1, 2017 | Jun 1, 2019 | Common Stock | 8,334 | 49,999 | D |
Explanation of responses
- F1Beneficially owned share amount includes 49,999 unvested RSUs granted on 6/1/2016.
- F2Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F3Represents shares withheld from the 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. Earned shares vest as to 1/3 on the one year anniversary date and 1/12 each quarter thereafter.