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: 2017-05-31

Reporting Person: Gault Robert J (EVP Worldwide Sales Services a)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-31	Common Stock	M	46444	$2.51	Acquired	200482	Direct
2017-05-31	Common Stock	S	46444	$9.53	Disposed	154038	Direct
2017-05-31	Common Stock	M	13972	$2.51	Acquired	168010	Direct
2017-05-31	Common Stock	S	13972	$9.5843	Disposed	154038	Direct
2017-05-31	Common Stock	S	42153	$9.53	Disposed	111885	Direct
2017-05-31	Common Stock	S	32685	$9.559	Disposed	79200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-31	Non-Qualified Stock Option (right to buy)	$2.51	M	46444	Disposed	2022-05-08	Common Stock (46444)	Direct
2017-05-31	Non-Qualified Stock Option (right to buy)	$2.51	M	13972	Disposed	2022-05-08	Common Stock (13972)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from 9.55 to 9.61 The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: This transaction was executed in multiple trades at prices ranging from 9.55 to 9.605 The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: 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.