EXTREME NETWORKS INC — Director's Dealing 2013

May 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2013-05-02

Reporting Person: BERGER CHARLES W (President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-02	Non-Qualified Stock Option (right to buy)	$3.17	A	900000.0	Acquired	2020-05-02	Common Stock (900000)	Direct
2013-05-02	Non-Qualified Stock Option (right to buy)	$3.17	A	900000.0	Acquired	2020-05-02	Common Stock (900000)	Direct

Footnotes

F1: 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.

F2: Performance Option Grant vests as follows: one-third of the shares subject to Performance Option will be Performance Earned, if at all, once the Company's common stock has traded publicly after April 25, 2013, for at least 30 consecutive trading days at a target closing price per share as reported on the NASDAQ Global Select Market of at least $4.00; an additional one-third of the shares subject to Performance Option will be Performance Earned, if at all, once the Company's common stock has traded publicly after April 25, 2013, for at least 30 consecutive trading days at a target closing price per share as reported on the NASDAQ Global Select Market of at least $5.00; all shares subject to the Peformance Option will be Performance Earned, if at all, once the Company's common stock has traded publicly after April 25, 2013, for at least 30 consecutive trading days at a target closing price per share as reported on the NASDAQ Global Select Market of at least $6.00 (regardless of whether