0001078271-16-000194.txt : 20160817 0001078271-16-000194.hdr.sgml : 20160817 20160817175130 ACCESSION NUMBER: 0001078271-16-000194 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160815 FILED AS OF DATE: 20160817 DATE AS OF CHANGE: 20160817 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EXTREME NETWORKS INC CENTRAL INDEX KEY: 0001078271 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 770430270 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 145 RIO ROBLES CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4085792800 MAIL ADDRESS: STREET 1: 145 RIO ROBLES CITY: SAN JOSE STATE: CA ZIP: 95134 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gault Robert J CENTRAL INDEX KEY: 0001641247 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25711 FILM NUMBER: 161839551 MAIL ADDRESS: STREET 1: C/O EXTREME NETWORKS, INC STREET 2: 145 RIO ROBLES CITY: SAN JOSE STATE: CA ZIP: 95134 4 1 edgardoc.xml PRIMARY DOCUMENT X0306 4 2016-08-15 0 0001078271 EXTREME NETWORKS INC EXTR 0001641247 Gault Robert J 145 RIO ROBLES SAN JOSE CA 95134 0 1 0 0 EVP Worldwide Sales Services a Common Stock 2016-08-15 4 F 0 7440.0 4.0 D 163144 D Performance Shares 0.0 2016-08-15 4 A 0 80000.0 0.0 A 2017-08-15 2019-08-15 Common Stock 80000 80000 D RSU Award 0.0 2016-08-15 4 A 0 80000.0 0.0 A 2017-08-15 2019-08-15 Common Stock 80000 80000 D 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, 2016 a total of 27,200 shares vested. 7440 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. Performance based RSU shares vest once the Company's stock equals or exceeds $5.00 for 30 consecutive trading days after January 1, 2017 ("Performance Threshold"). Once Performance Threshold is satisfied the Performance-Based RSUs shall vest with respect to the number of Time-Based RSUs that have vested as of the date the Performance Threshold is satisfied and thereafter shall vest on the same schedule as the Time-Based RSUs (see footnote #4 below). If threshold is not met by the third anniversary of the grant date the award is terminated for no consideration. Column 8 is not an applicable reportable field. 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. Quentin Wright, Power of Attorney 2016-08-17