SEC Form 4 · accession 0001348334-17-000114
BARRACUDA NETWORKS INC · CUDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Perone
Director
Period of report
Sep 28, 2017
Accepted (ET)
Sep 29, 2017 · 7:11 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 StockF2 | Sep 28, 2017 | S | 82,906 | $24.10 | D | 1,816,494 | D | |
| Common StockF2,F3 | Sep 28, 2017 | S | 19,053 | $24.10 | D | 490,345 | I | By LLC |
| Common StockF2,F4 | Sep 28, 2017 | S | 10,775 | $24.10 | D | 296,087 | I | By Trust |
| Common StockF2,F5 | Sep 28, 2017 | S | 9,065 | $24.10 | D | 248,359 | I | By Trust |
| Common Stock | Sep 28, 2017 | M | 40,000 | $12.66 | A | 1,856,494 | D | |
| Common Stock | Sep 28, 2017 | M | 12,500 | $17.13 | A | 1,868,994 | D | |
| Common Stock | Sep 28, 2017 | F | 29,961 | $24.05 | D | 1,839,033 | D | |
| Common StockF7 | Sep 29, 2017 | S | 94,453 | $24.16 | D | 1,744,580 | D | |
| Common StockF7,F3 | Sep 29, 2017 | S | 21,936 | $24.16 | D | 468,409 | I | By LLC |
| Common StockF7,F4 | Sep 29, 2017 | S | 12,406 | $24.16 | D | 283,681 | I | By Trust |
| Common StockF7,F5 | Sep 29, 2017 | S | 10,437 | $24.16 | D | 237,922 | I | By Trust |
| Common Stock | holding | — | — | — | 462,744 | I | By Spouse | |
| Common StockF8 | 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)F9 | $12.66 | Sep 28, 2017 | M | 40,000 | D | — | Nov 20, 2022 | Common Stock | 40,000 | 0 | D |
| Employee Stock Option (right to buy)F9 | $17.13 | Sep 28, 2017 | M | 12,500 | D | — | May 25, 2026 | Common Stock | 12,500 | 0 | 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 Oct 17, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.25, 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 footnotes (2) and (7).
- F3The shares are held directly Consulting2 LLC for which the Reporting Person serves as the managing member.
- 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 exercise price of the options was paid by delivering already-owned shares of Issuer common stock valued at the current market price of $24.05 per share.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.01 to $24.28, inclusive.
- F8The 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.
- F9Shares subject to the option are fully vested and immediately exercisable.