EXTREME NETWORKS INC — Director's Dealing 2016

Jun 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2016-06-01

Reporting Person: Davies Benjamin Drew (EVP Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-01	Common Stock	A	100000.0	$0.0	Acquired	100000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-01	Performance Based RSU	$0.0	A	100000.0	Acquired	2019-06-01	Common Stock (100000)	Direct

Footnotes

F1: Grant of Restricted Stock Unit. Vests in full in 3 years, one-third on the anniversary of the grant date, and then one-twelfth on each 3 month anniversary of the grant date thereafter, which will be settled solely with shares of the Company's common stock.

F2: Performance based RSU shares vest once the Company's stock equals or exceeds $5.00 for 30 consecutive trading days. Once 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. If threshold is not met by the third anniversary of the grant date the award is terminated for no consideration.