SEC Form 4 · accession 0001209191-15-033624
BARRACUDA NETWORKS INC · CUDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Perone
Officer — Chief Marketing Officer & EVP · Director · 10% Owner
Period of report
Apr 8, 2015
Accepted (ET)
Apr 10, 2015 · 8:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001348334
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 8, 2015 | A | 40,000 | $0.00 | A | 5,110,471 | D | |
| Common StockF3 | Apr 9, 2015 | S | 32,229 | $43.14 | D | 5,038,242 | D | |
| Common StockF3,F4 | Apr 9, 2015 | S | 5,755 | $43.14 | D | 189,967 | I | By Trust |
| Common StockF3,F5 | Apr 9, 2015 | S | 3,453 | $43.14 | D | 598,727 | I | By Trust |
| Common StockF3,F6 | Apr 9, 2015 | S | 7,194 | $43.14 | D | 1,226,334 | I | By LLC |
| Common Stock | holding | — | — | — | 462,744 | I | By Spouse | |
| Common StockF7 | holding | — | — | — | 262,179 | I | By Trust | |
| Common StockF8 | holding | — | — | — | 262,179 | I | By Trust | |
| Common StockF9 | holding | — | — | — | 128,523 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F10 | $42.92 | Apr 8, 2015 | A | 40,000 | A | — | Apr 8, 2025 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1The reported shares are represented by restricted stock units which vest in four equal annual installments beginning on May 1, 2016.
- F10Shares subject to the option vest in sixteen equal quarterly installments beginning on August 8, 2015.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on February 7, 2014 by the Reporting Person.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.78 to $43.43, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F4The shares are held directly by the Perone Family 2010 Irrevocable Trust dated June 29, 2010 for which the Reporting Person serves as a trustee.
- F5The shares are held directly by the Perone 2012 Irrevocable Trust for which the Reporting Person serves as a trustee.
- F6The shares are held directly Consulting2 LLC for which the Reporting Person serves as the managing member.
- F7The shares are held directly by the 2010 Four Year Plan 3 Trust for which the Reporting Person serves as a trustee.
- F8The shares are held directly by the 2010 Four Year Plan 9 Trust for which the Reporting Person serves as a trustee.
- F9The shares are held directly by the Perone Family 2010 Irrevocable Trust - Exempt dated June 29, 2010 for which the Reporting Person serves as a trustee.