SEC Form 4 · accession 0001078271-18-000067
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 a
Period of report
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 8:04 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 | Nov 15, 2018 | F | 3,092 | $6.46 | D | 178,557 | D | |
| Common StockF1 | Nov 15, 2018 | F | 3,865 | $6.46 | D | 174,692 | D | |
| Common StockF2 | Nov 15, 2018 | F | 3,092 | $6.46 | D | 171,600 | D | |
| Common Stock | Nov 15, 2018 | M | 6,670 | $0.00 | A | 178,270 | D | |
| Common Stock | Nov 15, 2018 | M | 6,670 | $0.00 | A | 184,940 | D | |
| Common Stock | Nov 15, 2018 | M | 8,337 | $0.00 | A | 193,277 | 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 | Nov 15, 2018 | M | 6,670 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 6,670 | 20,010 | D |
| RSU AwardF4,F5 | $0.00 | Nov 15, 2018 | M | 6,670 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 6,670 | 20,010 | D |
| RSU AwardF4,F6 | $0.00 | Nov 15, 2018 | M | 8,337 | D | Feb 15, 2018 | Feb 15, 2020 | Common Stock | 8,337 | 41,688 | D |
Explanation of responses
- F1Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
- F2Represents shares withheld from the Performance Based 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 from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.
- 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.