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EXTREME NETWORKS INC — Director's Dealing 2018
Aug 16, 2018
31460_dirs_2018-08-16_087083ce-2930-4b03-9c0f-3ff9f7330779.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2018-08-15
Reporting Person: Gault Robert J (EVP Worldwide Sales Services)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-15 | Common Stock | M | 26400 | $0.0 | Acquired | 205208 | Direct |
| 2018-08-15 | Common Stock | F | 12360 | $6.28 | Disposed | 192848 | Direct |
| 2018-08-15 | Common Stock | F | 12237 | $6.28 | Disposed | 180611 | Direct |
| 2018-08-15 | Common Stock | M | 6670 | $0.0 | Acquired | 187281 | Direct |
| 2018-08-15 | Common Stock | F | 3092 | $6.28 | Disposed | 184189 | Direct |
| 2018-08-15 | Common Stock | M | 6670 | $0.0 | Acquired | 190859 | Direct |
| 2018-08-15 | Common Stock | F | 3092 | $6.28 | Disposed | 187767 | Direct |
| 2018-08-15 | Common Stock | M | 8338 | $0.0 | Acquired | 196105 | Direct |
| 2018-08-15 | Common Stock | F | 3865 | $6.28 | Disposed | 192240 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-15 | Performance Shares | $0.0 | M | 6670 | Disposed | 2019-08-15 | Common Stock (6670) | Direct |
| 2018-08-15 | Performance Shares | $0.0 | M | 26400 | Disposed | 2022-08-15 | Common Stock (26400) | Direct |
| 2018-08-15 | RSU Award | $0.0 | M | 6670 | Disposed | 2019-08-15 | Common Stock (6670) | Direct |
| 2018-08-15 | RSU Award | $0.0 | M | 8338 | Disposed | 2020-02-15 | Common Stock (8338) | Direct |
Footnotes
F1: Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
F2: The reporting person was granted 80,000 RSUs on August 15, 2015, which vest annually over 3 years in equal installments with the first vesting date on August 15, 2016. On August 15, 2018 a total of 26,400 shares vested. 12,237 shares represents the aggregate number of shares of Issuer common stock withheld for payment of the tax liability incident to the vesting of the RSUs issued in accordance with Rule 16b-3.
F3: Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
F4: 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.
F5: This is not an applicable reportable field for this type of grant.
F6: Performance grants were earned when EXTR shares reached $3.50 per share for 30 consecutive trading days. Shares vest in equal installments on August 15, 2016, August 15, 2017 and August 15, 2018.
F7: This Time Based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.
F8: This Time Based RSU award vests as to 1/3 on February 15, 2018 and 1/12 each quarter thereafter subject to continued service at the company through the vesting dates.