SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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* SLAKEY WILLIAM R (Last) (First) (Middle) C/O EXTREME NETWORKS, INC. 3585 MONROE STREET (Street) SANTA CLARA CA 95051 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/10/2003	3. Issuer Name and Ticker or Trading Symbol EXTREME NETWORKS INC [ EXTR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Financial Officer	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	(1)	10/23/2013	Common Stock	450,000	7.07	D
Non-qualified Stock Option (right to buy)	(2)	10/23/2013	Common Stock	200,000	7.07	D

Explanation of Responses:

1. Option is exercisable as vested; 25% vests on 10/23/2004 and then 1/48 vests each full month thereafter until fully vested.

2. Option is exercisable as vested; 25% vests on 10/23/2006 and then 1/48 vests each full month thereafter until fully vested. The vesting of shares subject to this option may accelerate based upon achievement of performance based criteria.

Remarks:

	William R. Slakey	11/11/2003
	** 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 5 (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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