EXTREME NETWORKS INC — Director's Dealing 2018

Aug 31, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2018-08-29

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-29	Non-Qualified Stock Option (right to buy)	$6.4	A	330200	Acquired	2025-08-29	Common Stock (330200)	Direct
2018-08-29	Performance Shares	$0.0	A	139000	Acquired	2021-08-31	Common Stock (139000)	Direct
2018-08-29	RSU Award	$0.0	A	139000	Acquired	2021-08-31	Common Stock (139000)	Direct

Footnotes

F1: Performance Options will be earned if EXTR shares reach $10.00 per share for 30 consecutive trading days after August 31st 2018. Earned options vest as to 1/3 on 8/31/2019 and 1/12 each quarter thereafter, provided, however, that options 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.

F2: 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.

F3: This is not an applicable reportable field for this type of grant.

F4: This time based RSU award vests as to 1/3 on 8/31/2019 and 1/12 each quarter thereafter.