EXTREME NETWORKS INC — Director's Dealing 2011

Feb 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Ginsburg David A (VP Sr Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	Common Stock	A	50000	—	Acquired	50000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-02	Non-Qualified Stock Option (right to buy)	$3.68	A	400000	Acquired	2018-02-02	Common Stock (400000)	Direct

Footnotes

F1: Grant of performance stock units. Vesting will begin upon completion of Board approved performance metrics. Vesting to be split 50/50 over a 24 month period commencing no earlier than the date performance metrics are met.