EXTREME NETWORKS INC — Director's Dealing 2011

May 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2011-05-05

Reporting Person: COREY BOB L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-05	Common Stock	M	15000	$1.85	Acquired	269317	Direct
2011-05-05	Common Stock	S	15000	$3.17	Disposed	254317	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-05	Non-Qualified Stock Option (right to buy)	$1.85	M	15000	Disposed	2018-12-04	Common Stock (15000)	Direct