SEC Form 4 · accession 0001209191-15-039134
BARRACUDA NETWORKS INC · CUDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Diane Honda
Officer — VP, General Counsel, Secretary
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 9:29 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 Stock | May 1, 2015 | M | 625 | $29.99 | A | 38,098 | D | |
| Common Stock | May 1, 2015 | M | 3,750 | $19.62 | A | 41,848 | D | |
| Common StockF2 | May 1, 2015 | S | 3,375 | $41.41 | D | 38,473 | D | |
| Common StockF3 | May 1, 2015 | S | 1,000 | $41.77 | D | 37,473 | D |
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)F4 | $10.62 | May 1, 2015 | M | 625 | D | — | Oct 15, 2024 | Common Stock | 625 | 4,375 | D |
| Employee Stock Option (right to buy)F5 | $19.62 | May 1, 2015 | M | 3,750 | D | — | Oct 10, 2023 | Common Stock | 3,750 | 6,250 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 13, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares $40.74 to $41.735, 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. within the ranges set forth in footnotes (2) and (3) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.74 to $41.82, inclusive.
- F41/16 of the Shares subject to the Option vests in equal quarterly installments beginning 1/15/2015.
- F5The option vest in equal monthly installments over a four year period beginning 11/10/2013.