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EXTREME NETWORKS INC — Director's Dealing 2018
Sep 19, 2018
31460_dirs_2018-09-19_72aada2a-e6a0-49dd-8c7d-3582a5534f9f.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2018-09-13
Reporting Person: Cleaver Matthew Howard (Interim CFO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 11037 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $5.67 | 2021-02-07 | Common Stock (1875) | Direct | |
| Performance Shares | $0.0 | 2019-08-29 | Common Stock (5253) | Direct | |
| Performance Shares | $0.0 | 2020-08-23 | Common Stock (8650) | Direct | |
| Performance Shares | $0.0 | 2021-08-29 | Common Stock (9158) | Direct | |
| RSU Award | $0.0 | 2019-08-29 | Common Stock (5253) | Direct | |
| RSU Award | $0.0 | 2020-08-23 | Common Stock (5769) | Direct | |
| RSU Award | $0.0 | 2021-08-29 | Common Stock (9158) | Direct |
Footnotes
F1: Performance grants were earned when EXTR shares reached $5.00 per share for 30 consecutive trading days after January 1st 2017. Earned shares vest as to 1/3 on the one year anniversary date and 1/12 each quarter thereafter.
F2: Performance Stock Unit will be earned if GAAP combined earnings per share meets or exceeds $0.32 over two consecutive quarters. Earned shares vest as to 1/3 on 8/23/2018 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter. Shares will be cancelled if goal is not met by August 23st 2020.
F3: Performance Stock Unit will be earned if GAAP combined earnings per share meets or exceeds $0.20 over two consecutive quarters. Earned shares vest as to 1/3 on 8/31/2019 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter. Shares will be cancelled if goal is not met by August 31st 2021.
F4: This Time Based RSU award vests 1/3 on 8/29/2017 and 1/12 each quarter thereafter.
F5: This Time Based RSU award vests 1/3 on 8/23/2018 and 1/12 each quarter thereafter.
F6: This Time Based RSU award vests 1/3 on 8/31/2019 and 1/12 each quarter thereafter.