SEC Form 4 · accession 0001078271-18-000010
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
Mar 1, 2018
Accepted (ET)
Mar 2, 2018 · 4:10 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 | Mar 1, 2018 | M | 8,333 | $0.00 | A | 125,642 | D | |
| Common StockF2,F1 | Mar 1, 2018 | F | 2,434 | $11.16 | D | 123,208 | D | |
| Common StockF3,F1 | Mar 1, 2018 | F | 2,477 | $11.16 | D | 120,731 | 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 | Mar 1, 2018 | M | 8,333 | D | Jun 1, 2017 | Jun 1, 2019 | Common Stock | 8,333 | 41,666 | D |
Explanation of responses
- F1Beneficially owned share amount includes 41,667 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.