SEC Form 4 · accession 0001209191-16-124186
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
May 25, 2016
Accepted (ET)
May 27, 2016 · 9:06 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 | May 25, 2016 | A | 37,500 | $0.00 | D | 5,022,124 | D | |
| Common StockF2 | holding | — | — | — | 177,331 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 590,685 | I | By Trust | |
| Common StockF4 | holding | — | — | — | 1,210,039 | I | By LLC | |
| Common Stock | holding | — | — | — | 462,744 | I | By Spouse | |
| Common StockF5 | holding | — | — | — | 262,179 | I | By Trust | |
| Common StockF6 | holding | — | — | — | 262,179 | I | By Trust | |
| Common StockF7 | 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)F8 | $17.13 | May 25, 2016 | A | 12,500 | A | — | May 25, 2026 | Common Stock | 12,500 | 12,500 | D |
Explanation of responses
- F1The reported securities are represented by restricted stock units which vest in four equal annual installments beginning on June 1, 2017.
- F2The shares are held directly by the Perone Family 2010 Irrevocable Trust dated June 29, 2010 for which the Reporting Person serves as a trustee.
- F3The shares are held directly by the Perone 2012 Irrevocable Trust for which the Reporting Person serves as a trustee.
- F4The shares are held directly Consulting2 LLC for which the Reporting Person serves as the managing member.
- F5The shares are held directly by the 2010 Four Year Plan 3 Trust for which the Reporting Person serves as a trustee.
- F6The shares are held directly by the 2010 Four Year Plan 9 Trust for which the Reporting Person serves as a trustee.
- F7The 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.
- F8Shares subject to the option vest in sixteen equal quarterly installments beginning on August 25, 2016.