SEC Form 4 · accession 0001348334-17-000124
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 17, 2017
Accepted (ET)
Nov 20, 2017 · 7:43 pm EST
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 17, 2017 | M | 1,390 | $12.39 | A | 155,118 | D | |
| Common Stock | Nov 17, 2017 | S | 1,390 | $21.97 | D | 153,728 | 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 | $12.39 | Nov 17, 2017 | M | 1,390 | D | — | May 18, 2022 | Common Stock | 1,390 | 48,276 | 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 10, 2017.
- F2One-fourth of the shares subject to the option vested on May 9, 2013 and one forty-eighth of the shares vest monthly thereafter.