SEC Form 4 · accession 0001078271-18-000023
EXTREME NETWORKS INC · EXTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Gault
Officer — EVP Worldwide Sales Services
Period of report
May 15, 2018
Accepted (ET)
May 16, 2018 · 4:11 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 Stock | May 15, 2018 | M | 6,670 | $0.00 | A | 148,071 | D | |
| Common Stock | May 15, 2018 | M | 6,670 | $0.00 | A | 154,741 | D | |
| Common Stock | May 15, 2018 | M | 8,337 | $0.00 | A | 163,078 | D | |
| Common StockF1 | May 15, 2018 | F | 2,092 | $8.57 | D | 160,986 | D | |
| Common StockF2 | May 15, 2018 | F | 2,092 | $8.57 | D | 158,894 | D | |
| Common StockF2 | May 15, 2018 | F | 2,883 | $8.57 | D | 156,011 | 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 | May 15, 2018 | M | 6,670 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 6,670 | 33,350 | D |
| RSU AwardF4,F5 | $0.00 | May 15, 2018 | M | 6,670 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 6,670 | 33,350 | D |
| RSU AwardF4,F6 | $0.00 | May 15, 2018 | M | 8,337 | D | Feb 15, 2018 | Feb 15, 2020 | Common Stock | 8,337 | 58,363 | 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. Earned shares vest as to 1/3 on the one year anniversary date and 1/12 each quarter thereafter.
- F4This is not an applicable reportable field for this type of grant.
- F5This Time Based RSU award vests as to 1/3 on August 15, 2017 and 1/12 each quarter thereafter subject to continued service at the company through the vesting dates.
- F6This Time Based RSU award vests as to 1/3 on February 15, 2018 and 1/12 each quarter thereafter subject to continued service at the company through the vesting dates.