SEC Form 4 · accession 0001078271-18-000052
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
Jul 31, 2018
Accepted (ET)
Sep 4, 2018 · 4:30 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 StockF1,F2 | Jul 31, 2018 | J | 922 | $7.225 | A | 126,955 | D | |
| Common StockF2 | Sep 1, 2018 | M | 8,333 | $0.00 | A | 146,575 | D | |
| Common StockF3,F2 | Sep 1, 2018 | F | 2,509 | $6.27 | D | 144,066 | D | |
| Common StockF4,F2 | Sep 1, 2018 | F | 2,509 | $6.27 | D | 141,557 | 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 RSUF5 | $0.00 | Sep 1, 2018 | M | 8,333 | D | Jun 1, 2017 | Jun 1, 2019 | Common Stock | 0 | 25,000 | D |
Explanation of responses
- F1Shares were purchased through the 2014 Employee Stock Purchase Plan.
- F2Beneficially owned share amount includes 25,001 unvested RSUs granted on 6/1/2016.
- F3Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F4Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F5Performance 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.