SEC Form 4 · accession 0001209191-16-148256
BARRACUDA NETWORKS INC · CUDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Hughes
Officer — SVP, Worldwide Sales
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 6:23 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 | Nov 1, 2016 | A | 4,468 | $9.75 | A | 113,981 | D | |
| Common StockF2 | Nov 1, 2016 | S | 4,468 | $22.87 | D | 109,513 | D | |
| Common StockF3 | Nov 1, 2016 | F | 940 | $22.59 | D | 108,573 | 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 | $9.75 | Nov 1, 2016 | M | 4,468 | D | Nov 30, 2010 | Nov 30, 2019 | Common Stock | 4,468 | 21,596 | 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 May 12, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.36 to $23.35, 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.
- F3The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units.
- F425% of shares subject to the option vested on November 30, 2010 and 1/48 of the shares subject to the option vested monthly thereafter, so that all shares were fully vested on 11/30/2013.