EXTREME NETWORKS INC — Director's Dealing 2016

Aug 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2016-08-15

Reporting Person: MEYERCORD EDWARD (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-29	Common Stock	J	8865.0	$2.397	Acquired	604169	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-15	Performance Shares	$0.0	A	260000.0	Acquired	2019-08-15	Common Stock (260000)	Direct
2016-08-15	RSU Award	$0.0	A	260000.0	Acquired	2019-08-15	Common Stock (260000)	Direct

Footnotes

F1: Shares were purchased through the 2014 Employee Stock Purchase Plan.

F2: Performance based RSU shares vest once the Company's stock equals or exceeds $5.00 for 30 consecutive trading days after January 1, 2017 ("Performance Threshold"). Once Performance Threshold is satisfied the Performance-Based RSUs shall vest with respect to the number of Time-Based RSUs that have vested as of the date the Performance Threshold is satisfied and thereafter shall vest on the same schedule as the Time-Based RSUs (see footnote #4 below). If threshold is not met by the third anniversary of the grant date the award is terminated for no consideration.

F3: Column 8 is not an applicable reportable field.

F4: This Time Based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.