SEC Form 4 · accession 0001078271-18-000068
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
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 8:05 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 | 10,048 | $6.46 | D | 554,840 | D | |
| Common StockF2 | Nov 15, 2018 | F | 10,048 | $6.46 | D | 544,792 | D | |
| Common Stock | Nov 15, 2018 | M | 21,677 | $0.00 | A | 566,469 | D | |
| Common Stock | Nov 15, 2018 | M | 21,677 | $0.00 | A | 588,146 | D | |
| Common StockF3 | Nov 16, 2018 | S | 99,859 | $6.3384 | D | 488,287 | 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 | Nov 15, 2018 | M | 21,677 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 21,677 | 65,033 | D |
| RSU AwardF5,F6 | $0.00 | Nov 15, 2018 | M | 21,677 | D | Nov 15, 2017 | Aug 15, 2019 | Common Stock | 21,677 | 65,033 | 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.
- F3Shares sold pursuant to a 10b5-1 plan.
- 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.