SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Gault Robert J

(Last) (First) (Middle)
6480 VIA DEL ORO

(Street)
SAN JOSE CA 95119

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EXTREME NETWORKS INC [ EXTR ]
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
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/15/2018 08/15/2018 M 26,400 A $0.0 205,208 D
Common Stock 08/15/2018 08/15/2018 F 12,360(1) D $6.28 192,848 D
Common Stock 08/15/2018 08/15/2018 F 12,237(2) D $6.28 180,611 D
Common Stock 08/15/2018 08/15/2018 M 6,670 A $0.0 187,281 D
Common Stock 08/15/2018 08/15/2018 F 3,092(1) D $6.28 184,189 D
Common Stock 08/15/2018 08/15/2018 M 6,670 A $0.0 190,859 D
Common Stock 08/15/2018 08/15/2018 F 3,092(3) D $6.28 187,767 D
Common Stock 08/15/2018 08/15/2018 M 8,338 A $0.0 196,105 D
Common Stock 08/15/2018 08/15/2018 F 3,865(3) D $6.28 192,240 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Shares $0.0 08/15/2018 08/15/2018 M 6,670 11/15/2017(4) 08/15/2019 Common Stock 6,670 $0.0(5) 26,680 D
Performance Shares $0.0 08/15/2018 08/15/2018 M 26,400 08/15/2016(6) 08/15/2022 Common Stock 26,400 $0.0(5) 0 D
RSU Award $0.0 08/15/2018 08/15/2018 M 6,670 11/15/2017(7) 08/15/2019 Common Stock 6,670 $0.0(5) 26,680 D
RSU Award $0.0 08/15/2018 08/15/2018 M 8,338 02/15/2018(8) 02/15/2020 Common Stock 8,338 $0.0(5) 50,025 D
Explanation of Responses:
1. Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
2. 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.
3. Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
4. 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.
5. This is not an applicable reportable field for this type of grant.
6. 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.
7. 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.
8. 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.
Quentin Wright, Power of Attorney 08/16/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** 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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