SEC Form 4 · accession 0001078271-18-000007
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
Jan 31, 2018
Accepted (ET)
Feb 16, 2018 · 5:47 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 | Jan 31, 2018 | J | 8,865 | $2.397 | A | 502,630 | D | |
| Common Stock | Feb 15, 2018 | M | 21,678 | $0.00 | A | 524,308 | D | |
| Common Stock | Feb 15, 2018 | M | 21,678 | $0.00 | A | 545,986 | D | |
| Common StockF2 | Feb 15, 2018 | F | 6,797 | $12.19 | D | 539,189 | D | |
| Common StockF3 | Feb 15, 2018 | F | 6,966 | $12.19 | D | 532,223 | 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 | Feb 15, 2018 | M | 21,678 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 21,678 | 130,075 | D |
| RSU AwardF5,F6 | $0.00 | Feb 15, 2018 | M | 21,678 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 21,678 | 130,075 | D |
Explanation of responses
- F1Shares were purchased through the 2014 Employee Stock Purchase Plan.
- 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.
- 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.