Statement of Changes in Beneficial Ownership (4)
August 16 2018 - 6:11PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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hours per response...
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Gault Robert J
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2. Issuer Name
and
Ticker or Trading Symbol
EXTREME NETWORKS INC
[
EXTR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
EVP Worldwide Sales Services
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(Last)
(First)
(Middle)
6480 VIA DEL ORO
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3. Date of Earliest Transaction
(MM/DD/YYYY)
8/15/2018
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(Street)
SAN JOSE, CA 95119
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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8/15/2018
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8/15/2018
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M
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26400
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A
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$0.0
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205208
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D
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Common Stock
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8/15/2018
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8/15/2018
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F
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12360
(1)
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D
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$6.28
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192848
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D
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Common Stock
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8/15/2018
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8/15/2018
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F
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12237
(2)
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D
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$6.28
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180611
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D
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Common Stock
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8/15/2018
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8/15/2018
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M
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6670
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A
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$0.0
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187281
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D
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Common Stock
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8/15/2018
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8/15/2018
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F
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3092
(1)
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D
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$6.28
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184189
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D
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Common Stock
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8/15/2018
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8/15/2018
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M
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6670
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A
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$0.0
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190859
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D
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Common Stock
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8/15/2018
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8/15/2018
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F
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3092
(3)
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D
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$6.28
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187767
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D
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Common Stock
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8/15/2018
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8/15/2018
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M
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8338
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A
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$0.0
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196105
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D
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Common Stock
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8/15/2018
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8/15/2018
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F
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3865
(3)
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D
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$6.28
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192240
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Performance Shares
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$0.0
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8/15/2018
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8/15/2018
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M
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6670
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11/15/2017
(4)
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8/15/2019
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Common Stock
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6670
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$0.0
(5)
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26680
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D
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Performance Shares
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$0.0
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8/15/2018
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8/15/2018
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M
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26400
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8/15/2016
(6)
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8/15/2022
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Common Stock
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26400
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$0.0
(5)
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0
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D
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RSU Award
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$0.0
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8/15/2018
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8/15/2018
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M
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6670
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11/15/2017
(7)
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8/15/2019
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Common Stock
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6670
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$0.0
(5)
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26680
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D
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RSU Award
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$0.0
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8/15/2018
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8/15/2018
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M
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8338
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2/15/2018
(8)
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2/15/2020
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Common Stock
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8338
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$0.0
(5)
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50025
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D
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Explanation of Responses:
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(1)
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Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
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(2)
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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.
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(3)
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Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
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(4)
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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.
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(5)
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This is not an applicable reportable field for this type of grant.
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(6)
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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.
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(7)
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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.
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(8)
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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.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Gault Robert J
6480 VIA DEL ORO
SAN JOSE, CA 95119
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EVP Worldwide Sales Services
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Signatures
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Quentin Wright, Power of Attorney
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8/16/2018
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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