Extreme Networks, Inc.
EXTREME NETWORKS INC (Form: 4, Received: 06/02/2017 16:47:40)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

Davies Benjamin Drew
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 Chief Financial Officer
(Last)          (First)          (Middle)

6480 VIA DEL ORO
3. Date of Earliest Transaction (MM/DD/YYYY)

1/31/2017
(Street)

SAN JOSE, CA 95119
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   1/31/2017   1/31/2017   J    3982   (1) A $3.23   103982   D    
Common Stock   6/1/2017   6/1/2017   F    12527   (2) D $9.99   91455   D    
Common Stock   6/1/2017   6/1/2017   M    33333   A $0.0   124788   D    
Common Stock   6/1/2017   6/1/2017   F    12527   (3) D $9.99   112261   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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 Based RSU   $0.0   6/1/2017     M         33333    6/1/2017   (4) 6/1/2019   Common Stock   0   $0.0   66667   D    

Explanation of Responses:
(1)  Shares were purchased through the 2014 Employee Stock Purchase Plan.
(2)  Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
(3)  Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
(4)  Performance based RSU shares vest once the Company's stock equals or exceeds $5.00 for 30 consecutive trading days. Once 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. If threshold is not met by the third anniversary of the grant date the award is terminated for no consideration.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Davies Benjamin Drew
6480 VIA DEL ORO
SAN JOSE, CA 95119


EVP Chief Financial Officer

Signatures
Quentin Wright, Power of Attorney 6/2/2017
** 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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