EXTREME NETWORKS INC — Director's Dealing 2012

May 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2012-05-15

Reporting Person: AUSTIN MAURY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-15	Common Stock	A	8333	—	Acquired	8333	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-15	Non-Qualified Stock Option (Right to Buy)	$3.50	A	25000	Acquired	2019-05-15	Common Stock (25000)	Direct

Footnotes

F1: Grant of restricted stock pursuant to the Extreme Networks, Inc. 2005 Equity Incentive Plan. Vests 1/3 on 5/15/2013, 1/3 on 5/15/2014 and 1/3 on 5/15/2015 (or earlier in any year, 1/3 on the date of the annual meeting in that year), subject to the respective director's continuous service on the Board for that period.

F2: Option becomes exercisable as it vests: 1/3 on 5/15/2013, 1/3 on 5/15/2014 and 1/3 on 5/15/2015 (or earlier in any year, 1/3 on the date of the annual meeting in that year), subject to the respective director's continuous service on the Board for that period.