SEC Form 4 · accession 0001348334-17-000065
BARRACUDA NETWORKS INC · CUDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D Jenkins Jr.
Officer — Chief Executive Officer · Director
Period of report
Apr 26, 2016
Accepted (ET)
May 18, 2017 · 7:08 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 26, 2016 | A | 80,000 | $0.00 | A | 586,992 | 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)F2 | $17.13 | Apr 26, 2017 | A | 20,000 | A | May 25, 2017 | May 25, 2026 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1On May 25, 2016, the Reporting Person was awarded 80,000 performance stock units, or PSUs, pursuant to which one-fourth of the PSUs vest on May 26, 2017 subject to the Issuer's satisfaction of certain performance criteria in fiscal year 2017 and 6.25% of the PSUs vest quarterly thereafter. On April 26, 2017, the Board of Directors determined that the performance criteria had been satisfied.
- F2On May 25, 2016, the Reporting Person was granted an option to purchase 20,000 shares of common stock pursuant to which one-fourth of the shares subject to the option vest on May 26, 2017 subject to the Issuer's satisfaction of certain performance criteria in fiscal year 2017 and 6.25% of the shares vest quarterly thereafter. On April 26, 2017, the Board of Directors determined that the performance criteria had been satisfied.