EXTREME NETWORKS INC — Director's Dealing 2017

Jun 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2017-01-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-31	Common Stock	J	3982	$3.23	Acquired	103982	Direct
2017-06-01	Common Stock	F	12527	$9.99	Disposed	91455	Direct
2017-06-01	Common Stock	M	33333	$0.0	Acquired	124788	Direct
2017-06-01	Common Stock	F	12527	$9.99	Disposed	112261	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-01	Performance Based RSU	$0.0	M	33333	Disposed	2019-06-01	Common Stock (0)	Direct

Footnotes

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

F2: Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.

F3: Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.

F4: 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.