EXTREME NETWORKS INC — Director's Dealing 2015

May 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2015-04-19

Reporting Person: MEYERCORD EDWARD (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-19	Common Stock	A	450000.0	$0.0	Acquired	575086	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-08	Non-Qualified Stock Option (right to buy)	$2.51	A	300000.0	Acquired	2025-05-08	Common Stock (300000)	Direct
2015-05-08	Non-Qualified Stock Option (right to buy)	$2.51	A	300000.0	Acquired	2025-05-08	Common Stock (300000)	Direct
2015-05-08	Non-Qualified Stock Option (right to buy)	$2.51	A	300000.0	Acquired	2025-05-08	Common Stock (300000)	Direct

Footnotes

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

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 19, 2015, 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 $3.50; 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 19, 2015, 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 $4.50; all shares subject to the Performance Option will be Performance Earned, if at all, once the Company's common stock has traded publicly after April 19, 2015, 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 $5.50 (regardless of whether