EXTREME NETWORKS INC — Director's Dealing 2011

Aug 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2011-08-03

Reporting Person: Cato Gavin (VP Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-03	Common Stock	A	10000	—	Acquired	10000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-03	Non-Qualified Stock Option (right to buy)	$3.29	A	150000	Acquired	2018-08-03	Common Stock (150000)	Direct

Footnotes

F1: Grant of Restricted Stock Unit. Vests in full in 3 years, one-third annually from date of hire.

F2: Option is exercisable as vested; 1/4 vests one year from date of hire and then 1/48 vests on each full month thereafter until fully vested, so long as the optionee's employment has not terminated.