EXTREME NETWORKS INC — Director's Dealing 2012

Sep 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2012-09-19

Reporting Person: Judson James T (Interim CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-19	Common Stock	M	10000	$3.17	Acquired	60000	Direct
2012-09-19	Common Stock	S	10000	$3.62	Disposed	50000	Direct
2012-09-19	Common Stock	M	10000	$3.17	Acquired	60000	Direct
2012-09-19	Common Stock	S	10000	$3.61	Disposed	50000	Direct
2012-09-19	Common Stock	M	50000	$3.17	Acquired	100000	Direct
2012-09-25	Common Stock	M	10000	$3.17	Acquired	110000	Direct
2012-09-25	Common Stock	S	10000	$3.5	Disposed	100000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-19	Non-Qualified Stock Option (right to buy)	$3.17	M	10000	Disposed	2018-05-02	Common Stock (10000)	Direct
2012-09-19	Non-Qualified Stock Option (right to buy)	$3.17	M	10000	Disposed	2018-05-02	Common Stock (10000)	Direct
2012-09-19	Non-Qualified Stock Option (right to buy)	$3.17	M	50000	Disposed	2018-05-02	Common Stock (50000)	Direct
2012-09-25	Non-Qualified Stock Option (right to buy)	$3.17	M	10000	Disposed	2018-05-02	Common Stock (10000)	Direct

Footnotes

F1: 1/2 vest 6 months from date of hire; 1/2 vest one year from hire date. Second half vesting is contingent upon converting to the permanent CFO.