EXTREME NETWORKS INC — Director's Dealing 2011

May 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2011-05-02

Reporting Person: KENNEDY EDWARD H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock	A	8333	—	Acquired	8333	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Non-Qualified Stock Option (right to buy)	$3.17	A	25000	Acquired	2021-05-02	Common Stock (25000)	Direct

Footnotes

F1: Grant of restricted stock pursuant to the Extreme Networks, Inc. 2005 Equity Incentive Plan. Vests 1/3 per year (or, if earlier, the date of the next subsequent annual meeting).

F2: Vests i1/3 per year (or, if earlier, the date of the next subsequent annual meeting).