sc13d06297072_06152010.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)

(Amendment No.  )1

Extreme Networks, Inc.
(Name of Issuer)

Common Stock, par value $0.001 per share
(Title of Class of Securities)

30226D106
(CUSIP Number)
 
JEFFREY C. SMITH
RAMIUS LLC
599 Lexington Avenue, 20th Floor
New York, New York 10022
(212) 845-7955

STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

June 15, 2010
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.


_______________
1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
CAYMAN ISLANDS
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
4,486,888
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
4,486,888
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,486,888
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.0%
14
TYPE OF REPORTING PERSON
 
CO

 
2

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RAMIUS OPTIMUM INVESTMENTS LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
117,695
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
117,695
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
117,695
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
OO

 
3

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RAMIUS NAVIGATION MASTER FUND LTD
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
CAYMAN ISLANDS
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
414,819
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
414,819
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
414,819
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
CO

 
4

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RAMIUS ENTERPRISE MASTER FUND LTD
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
CAYMAN ISLANDS
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
414,819
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
414,819
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
414,819
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
CO

 
5

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RAMIUS ADVISORS, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
532,514
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
532,514
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
532,514
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
OO

 
6

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RCG STARBOARD ADVISORS, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
4,486,888
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
4,486,888
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,486,888
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.0%
14
TYPE OF REPORTING PERSON
 
OO

 
7

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RAMIUS LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
5,019,402
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
5,019,402
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
OO

 
8

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
COWEN GROUP, INC.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
5,019,402
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
5,019,402
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
CO

 
9

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
RCG HOLDINGS LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
5,019,402
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
5,019,402
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
OO

 
10

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
C4S & CO., L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
5,019,402
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
5,019,402
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
OO

 
11

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
PETER A. COHEN
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
- 0 -
8
SHARED VOTING POWER
 
5,019,402
9
SOLE DISPOSITIVE POWER
 
- 0 -
10
SHARED DISPOSITIVE POWER
 
5,019,402
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
IN

 
12

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
MORGAN B. STARK
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
- 0 -
8
SHARED VOTING POWER
 
5,019,402
9
SOLE DISPOSITIVE POWER
 
- 0 -
10
SHARED DISPOSITIVE POWER
 
5,019,402
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
IN

 
13

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
JEFFREY M. SOLOMON
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
- 0 -
8
SHARED VOTING POWER
 
5,019,402
9
SOLE DISPOSITIVE POWER
 
- 0 -
10
SHARED DISPOSITIVE POWER
 
5,019,402
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
IN

 
14

 
CUSIP NO. 30226D106
 
1
NAME OF REPORTING PERSON
 
THOMAS W. STRAUSS
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
- 0 -
8
SHARED VOTING POWER
 
5,019,402
9
SOLE DISPOSITIVE POWER
 
- 0 -
10
SHARED DISPOSITIVE POWER
 
5,019,402
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,019,402
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.6%
14
TYPE OF REPORTING PERSON
 
IN

 
15

 
CUSIP NO. 30226D106
 
The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

Item 1.
Security and Issuer
 
This statement relates to the Common Stock, par value $0.001 per share (the “Shares”), of Extreme Networks, Inc. (the “Issuer”).  The address of the principal executive offices of the Issuer is 3585 Monroe Street, Santa Clara, California 95051.
.
Item 2.
Identity and Background.
 
(a)           This statement is filed by:
 
 
(i)
Ramius Value and Opportunity Master Fund Ltd, a Cayman Islands exempted company (“Value and Opportunity Master Fund”), with respect to the Shares directly and beneficially owned by it;
 
 
(ii)
Ramius Navigation Master Fund Ltd, a Cayman Islands exempted company (“Navigation Master Fund”), with respect to the Shares directly and beneficially owned by it;
 
 
(iii)
Ramius Optimum Investments LLC, a Delaware limited liability company (“ROIL”), with respect to the Shares directly and beneficially owned by it;
 
 
(iv)
Ramius Enterprise Master Fund Ltd, a Cayman Islands exempted company (“Enterprise Master Fund”), who serves as the sole shareholder of Navigation Master Fund;
 
 
(v)
Ramius Advisors, LLC, a Delaware limited liability company (“Ramius Advisors”), who serves as the investment advisor of each of Enterprise Master Fund and Navigation Master Fund and the managing member of ROIL;
 
 
(vi)
RCG Starboard Advisors, LLC, a Delaware limited liability company (“RCG Starboard Advisors”), who serves as the investment manager of Value and Opportunity Master Fund;
 
 
(vii)
Ramius LLC, a Delaware limited liability company (“Ramius”), who serves as the sole member of each of RCG Starboard Advisors and Ramius Advisors;
 
 
(viii)
Cowen Group, Inc., a Delaware corporation (“Cowen”), who serves as the sole member of Ramius;
 
 
(ix)
RCG Holdings LLC, a Delaware limited liability company (“RCG Holdings”), who is a significant shareholder of Cowen;
 
 
(x)
C4S & Co., L.L.C., a Delaware limited liability company (“C4S”), who serves as managing member of RCG Holdings;
 
 
(xi)
Peter A. Cohen, who serves as one of the managing members of C4S;
 
 
(xii)
Morgan B. Stark, who serves as one of the managing members of C4S;
 
 
16

 
CUSIP NO. 30226D106
 
 
(xiii)
Thomas W. Strauss, who serves as one of the managing members of C4S; and
 
 
(xiv)
Jeffrey M. Solomon, who serves as one of the managing members of C4S.
 
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”  Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6.  Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
 
(b)           The address of the principal office of each of ROIL, Ramius Advisors, RCG Starboard Advisors, Ramius, Cowen, RCG Holdings, C4S, and Messrs. Cohen, Stark, Strauss and Solomon is 599 Lexington Avenue, 20th Floor, New York, New York 10022.
 
The address of the principal office of each of Value and Opportunity Master Fund, Enterprise Master Fund and Navigation Master Fund is c/o Citco Fund Services (Cayman Islands) Limited, Regatta Office Park, Windward 1, 2nd Floor, PO Box 31106, Grand Cayman KY1-1205, Cayman Islands.  The officers and directors of Value and Opportunity Master Fund and their principal occupations and business addresses are set forth on Schedule B and incorporated by reference in this Item 2.  The officers and directors of Enterprise Master Fund and their principal occupations and business addresses are set forth on Schedule C and incorporated by reference in this Item 2.  The officers and directors of Navigation Master Fund and their principal occupations and business addresses are set forth on Schedule D and incorporated by reference in this Item 2.  The officers and directors of Cowen and their principal occupations and business addresses are set forth on Schedule E and incorporated by reference in this Item 2.
 
(c)           The principal business of each of Value and Opportunity Master Fund,  Navigation Master Fund and ROIL is serving as a private investment fund.  Value and Opportunity Master Fund has been formed for the purpose of making equity investments and, on occasion, taking an active role in the management of portfolio companies in order to enhance shareholder value.  Each of Navigation Master Fund and ROIL has been formed for the purpose of making equity and debt investments.  Enterprise Master Fund is the sole shareholder of Navigation Master Fund.  The principal business of RCG Starboard Advisors is acting as the investment manager of Value and Opportunity Master Fund.  The principal business of Ramius Advisors is a cting as the investment advisor of each of Navigation Master Fund and Enterprise Master Fund and as the managing member of ROIL.  Ramius is engaged in money management and investment advisory services for third parties and proprietary accounts and serves as the sole member of each of RCG Starboard Advisors and Ramius Advisors.  Cowen provides alternative investment management, investment banking, research, and sales and trading services through its business units, Ramius and Cowen and Company.  Cowen also serves as the sole member of Ramius.  RCG Holdings is a significant shareholder of Cowen.  C4S serves as managing member of Ramius.  Messrs. Cohen, Strauss, Stark and Solomon serve as co-managing members of C4S.
 
(d)           No Reporting Person, nor any person listed on Schedule B, Schedule C, Schedule D or Schedule E, each annexed hereto, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
(e)           No Reporting Person, nor any person listed on Schedule B, Schedule C, Schedule D or Schedule E, each annexed hereto, has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
 
17

 
CUSIP NO. 30226D106
 
(f)           Messrs. Cohen, Stark, Strauss and Solomon are citizens of the United States of America.
 
Item 3.
Source and Amount of Funds or Other Consideration.
 
The Shares purchased by Value and Opportunity Master Fund, Navigation Master Fund and ROIL were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein.  The aggregate purchase cost of the 5,019,402 Shares beneficially owned in the aggregate by Value and Opportunity Master Fund, Navigation Master Fund and ROIL is approximately $13,395,000, excluding brokerage commissions.
 
Item 4.
Purpose of Transaction.
 
The Reporting Persons originally purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.  Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.
 
No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed herein.  The Reporting Persons intend to review their investment in the Issuer on a continuing basis.  Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, communications with management and the Board of the Issuer, en gaging in discussions with third parties about the Issuer and the Reporting Persons’ investment, making proposals to the Issuer concerning changes to the capitalization, ownership structure, board structure (including seeking board representation or the annual election of directors) or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, or changing their intention with respect to any and all matters referred to in Item 4.
 
Item 5.
Interest in Securities of the Issuer.
 
The aggregate percentage of Shares reported owned by each person named herein is based upon 89,997,231 Shares outstanding, as of April 25, 2010, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on April 30, 2010.
 
A.
Value and Opportunity Master Fund
 
 
(a)
As of close of the close of business on June 22, 2010, Value and Opportunity Master Fund beneficially owned 4,486,888 Shares.
 
Percentage: Approximately 5.0%.
 
 
18

 
CUSIP NO. 30226D106
 
 
(b)
1. Sole power to vote or direct vote: 4,486,888
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 4,486,888
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
The transactions in the Shares by Value and Opportunity Master Fund during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
 
B.
Navigation Master Fund
 
 
(a)
As of the close of business on June 22, 2010, Navigation Master Fund beneficially owned 414,819 Shares.
 
Percentage: Less than 1%.
 
 
(b)
1. Sole power to vote or direct vote: 414,819
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 414,819
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
The transactions in the Shares by Navigation Master Fund during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
 
C.
ROIL
 
 
(a)
As of the close of business on June 22, 2010, ROIL beneficially owned 117,695 Shares.
 
Percentage: Less than 1%.
 
 
(b)
1. Sole power to vote or direct vote: 117,695
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 117,695
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
The transactions in the Shares by ROIL during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
 
D.
Enterprise Master Fund
 
 
(a)
Enterprise Master Fund, as the sole shareholder of Navigation Master Fund, may be deemed the beneficial owner of the 414,819 Shares owned by Navigation Master Fund.
 
Percentage: Less than 1%.
 
 
(b)
1. Sole power to vote or direct vote: 414,819
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 414,819
 
4. Shared power to dispose or direct the disposition: 0
 
 
19

 
CUSIP NO. 30226D106
 
 
(c)
The transactions in the Shares by Enterprise Master Fund during the past 60 days are set forth in Schedule A and are incorporated herein by reference.  The transactions in the Shares on behalf of Navigation Master Fund during the past 60 days are set forth on Schedule A and are incorporated herein by reference.
 
E.
Ramius Advisors
 
 
(a)
Ramius Advisors, as the investment advisor of Navigation Master Fund and the managing member of ROIL, may be deemed the beneficial owner of the (i) 414,819 Shares owned by Navigation Master Fund and (ii) 117,695 Shares owned by ROIL.
 
Percentage: Less than 1%.
 
 
(b)
1. Sole power to vote or direct vote: 532,514
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 532,514
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
Ramius Advisors has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares by Enterprise Master Fund, Navigation Master Fund and ROIL during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
 
F.
RCG Starboard Advisors
 
 
(a)
RCG Starboard Advisors, as the investment manager of Value and Opportunity Master Fund may be deemed the beneficial owner of the 4,486,888 Shares owned by Value and Opportunity Master Fund.
 
Percentage: Approximately 5.0%.
 
 
(b)
1. Sole power to vote or direct vote: 4,486,888
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 4,486,888
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
RCG Starboard Advisors has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of Value and Opportunity Master Fund are set forth on Schedule A and incorporated herein by reference.
 
G.
Ramius
 
 
(a)
Ramius, as the sole member of each of RCG Starboard Advisors and Ramius Advisors, may be deemed the beneficial owner of the (i) 4,486,888 Shares owned by Value and Opportunity Master Fund, (ii) 414,819 Shares owned by Navigation Master Fund and (iii) 117,695 Shares owned by ROIL.
 
Percentage: Approximately 5.6%.
 
 
(b)
1. Sole power to vote or direct vote: 5,019,402
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 5,019,402
 
4. Shared power to dispose or direct the disposition: 0
 
 
20

 
CUSIP NO. 30226D106
 
 
(c)
Ramius has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of Value and Opportunity Master Fund, Navigation Master Fund, Enterprise Master Fund and ROIL are set forth on Schedule A and incorporated herein by reference.
 
H.
Cowen
 
 
(a)
Cowen, as the sole member of Ramius, may be deemed the beneficial owner of the (i) 4,486,888 Shares owned by Value and Opportunity Master Fund, (ii) 414,819 Shares owned by Navigation Master Fund and (iii) 117,695 Shares owned by ROIL.
 
Percentage: Approximately 5.6%.
 
 
(b)
1. Sole power to vote or direct vote: 5,019,402
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 5,019,402
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
Cowen has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of Value and Opportunity Master Fund, Navigation Master Fund, Enterprise Master Fund and ROIL are set forth on Schedule A and incorporated herein by reference.
 
I.
RCG Holdings
 
 
(a)
RCG Holdings, as a significant shareholder of Cowen, may be deemed the beneficial owner of the (i) 4,486,888 Shares owned by Value and Opportunity Master Fund, (ii) 414,819 Shares owned by Navigation Master Fund and (iii) 117,695 Shares owned by ROIL.
 
Percentage: Approximately 5.6%.
 
 
(b)
1. Sole power to vote or direct vote: 5,019,402
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 5,019,402
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
RCG Holdings has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of Value and Opportunity Master Fund, Navigation Master Fund, Enterprise Master Fund and ROIL are set forth on Schedule A and incorporated herein by reference.
 
J.
C4S
 
 
(a)
C4S, as the managing member of RCG Holdings, may be deemed the beneficial owner of the (i) 4,486,888 Shares owned by Value and Opportunity Master Fund, (ii) 414,819 Shares owned by Navigation Master Fund and (iii) 117,695 Shares owned by ROIL.
 
Percentage: Approximately 5.6%.
 
 
21

 
CUSIP NO. 30226D106
 
 
(b)
1. Sole power to vote or direct vote: 5,019,402
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 5,019,402
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
C4S has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of Value and Opportunity Master Fund, Navigation Master Fund, Enterprise Master Fund and ROIL are set forth on Schedule A and incorporated herein by reference.
 
K.
Messrs. Cohen, Stark, Strauss and Solomon
 
 
(a)
Each of Messrs. Cohen, Stark, Strauss and Solomon, as the managing members of C4S, may be deemed the beneficial owner of the (i) 4,486,888 Shares owned by Value and Opportunity Master Fund, (ii) 414,819 Shares owned by Navigation Master Fund and (iii) 117,695 Shares owned by ROIL.
 
Percentage: Approximately 5.6%.
 
 
(b)
1. Sole power to vote or direct vote: 0
 
2. Shared power to vote or direct vote: 5,019,402
 
3. Sole power to dispose or direct the disposition: 0
 
4. Shared power to dispose or direct the disposition: 5,019,402
 
 
(c)
None of Messrs. Cohen, Stark, Strauss or Solomon has entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of Value and Opportunity Master Fund, Navigation Master Fund, Enterprise Master Fund and ROIL are set forth on Schedule A and incorporated herein by reference.
 
 
(d)
No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
 
 
(e)
Not applicable.
 
Item 6.
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
 
On June 23, 2010, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D, with respect to securities of the Issuer, to the extent required by applicable law.  A copy of this agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
 
Item 7.
Material to be Filed as Exhibits.
 
 
99.1
Joint Filing Agreement by and among Ramius Value and Opportunity Master Fund Ltd, Ramius Navigation Master Fund Ltd, Ramius Optimum Investments LLC, Ramius Enterprise Master Fund Ltd, Ramius Advisors, LLC, RCG Starboard Advisors, LLC, Ramius LLC, Cowen Group, Inc., RCG Holdings LLC, C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss and Jeffrey M. Solomon, dated June 23, 2010.
 
 
99.2
Power of Attorney for Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss and Jeffrey M. Solomon, dated April 26, 2010.
 
 
22

 
CUSIP NO. 30226D106
 
SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:  June 23, 2010

RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
By:  RCG Starboard Advisors, LLC,
its investment manager
 
RAMIUS NAVIGATION MASTER FUND LTD
By:  Ramius Advisors, LLC,
its investment advisor
 
RAMIUS ENTERPRISE MASTER FUND LTD
By:  Ramius Advisors, LLC,
its investment advisor
 
RCG STARBOARD ADVISORS, LLC
By:  Ramius LLC,
its sole member
 
RAMIUS OPTIMUM INVESTMENTS LLC
By:  Ramius Advisors, LLC,
its managing member
RAMIUS ADVISORS, LLC
By:  Ramius LLC,
its sole member
 
RAMIUS LLC
By:  Cowen Group, Inc.,
its sole member
 
COWEN GROUP, INC.
 
RCG HOLDINGS LLC
By:  C4S & Co., L.L.C.,
its managing member
 
C4S & CO., L.L.C.
 
 
 
By:
/s/ Owen S. Littman
 
Name:
Owen S. Littman
 
Title:
Authorized Signatory
 

 
/s/ Owen S. Littman
 
OWEN S. LITTMAN
 
As attorney-in-fact for Jeffrey M. Solomon, Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss
 

 
23

 
CUSIP NO. 30226D106
 
SCHEDULE A

Transactions in the Shares During the Past 60 Days

Shares of Common Stock
Purchased/ (Sold)
Price Per
Share($)
Date of
Purchase/ Sale

RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD

(38,166)
 
3.5646
04/22/2010
(45,775)
 
3.5714
04/22/2010
(13,107)
 
3.5962
04/23/2010
(57,215)
 
3.5888
04/23/2010
(17,723)
 
3.5572
04/26/2010
(98,702)
 
3.5314
04/26/2010
(26,670)
 
3.7051
04/27/2010
(19,208)
 
3.5905
04/28/2010
(28,494)
 
3.5700
04/28/2010
(12,205)
 
3.5971
04/29/2010
(62,387)
 
3.4899
05/03/2010
(28,494)
 
3.4464
05/04/2010
(7,750)
 
3.4771
05/05/2010
(23,589)
 
3.1792
05/06/2010
(29,918)
 
3.3057
05/06/2010
180
 
3.0000
05/06/2010
100,000
 
2.9000
05/07/2010
(60,469)
 
2.9865
05/07/2010
100,000
 
2.9300
05/07/2010
50,000
 
3.0200
05/13/2010
50,000
 
2.9000
05/14/2010
25,000
 
2.9200
05/14/2010
100,000
 
2.8000
05/19/2010
45,000
 
2.8500
05/19/2010
17,221
 
2.8808
05/19/2010
28,597
 
2.8732
05/19/2010
45,000
 
2.7800
05/20/2010
45,000
 
2.7828
05/20/2010
3,780
 
2.8099
05/20/2010
62,003
 
2.8116
05/20/2010
19,350
 
2.7900
05/21/2010
15,116
 
2.7883
05/21/2010
48,599
 
2.7911
05/21/2010
90
 
2.7500
05/24/2010
76,711
 
2.8469
05/24/2010
45,000
 
2.7400
05/25/2010
22,500
 
2.7580
05/25/2010
135,726
 
2.7637
05/25/2010
22,500
 
2.8312
05/26/2010
22,500
 
2.7839
05/26/2010
 
 
 

 
CUSIP NO. 30226D106
 
22,500
 
2.8561
05/26/2010
45,000
 
2.9029
05/27/2010
36,946
 
2.8703
05/28/2010
22,500
 
2.7500
06/01/2010
75,554
 
2.8188
06/01/2010
18,000
 
2.8000
06/02/2010
22,500
 
2.8438
06/02/2010
22,500
 
2.8594
06/03/2010
1,416
 
2.7500
06/04/2010
79,133
 
2.7881
06/04/2010
19,487
 
2.7533
06/07/2010
87,704
 
2.7718
06/07/2010
2,340
 
2.5873
06/08/2010
145,358
 
2.6527
06/08/2010
11,160
 
2.5899
06/09/2010
92,340
 
2.6220
06/09/2010
10,919
 
2.5862
06/10/2010
79,343
 
2.6022
06/10/2010
51,300
 
2.6031
06/10/2010
90,000
 
2.6187
06/11/2010
90,000
 
2.7825
06/15/2010
35,227
 
2.7933
06/16/2010
54,773
 
2.7879
06/16/2010
19,800
 
2.8935
06/17/2010
115,200
 
2.8812
06/17/2010
18,450
 
3.0145
06/18/2010
71,550
 
3.0669
06/18/2010
22,500
 
2.9474
06/21/2010
48,962
 
2.9293
06/22/2010

RAMIUS NAVIGATION MASTER FUND LTD

(11,870)
 
3.5646
04/22/2010
(14,236)
 
3.5714
04/22/2010
(4,076)
 
3.5962
04/23/2010
(17,794)
 
3.5888
04/23/2010
(5,512)
 
3.5572
04/26/2010
(30,696)
 
3.5314
04/26/2010
(8,294)
 
3.7051
04/27/2010
(5,974)
 
3.5905
04/28/2010
(8,861)
 
3.5700
04/28/2010
(3,796)
 
3.5971
04/29/2010
3,250*
 
2.5956
05/01/2010
5,167*
 
2.4033
05/01/2010
6,500*
 
2.3999
05/01/2010
130*
 
2.4070
05/01/2010
 

* Shares were acquired from Ramius Enterprise Master Fund Ltd, an affiliate of Ramius Navigation Master Fund Ltd, in an exempt transaction.
 
 
 

 
CUSIP NO. 30226D106
 
1,203*
 
2.4145
05/01/2010
3,250*
 
2.2572
05/01/2010
21,435*
 
2.3517
05/01/2010
3,250*
 
2.3000
05/01/2010
4,564*
 
2.3314
05/01/2010
3,250*
 
2.3005
05/01/2010
11,960*
 
2.2577
05/01/2010
10,790*
 
2.2170
05/01/2010
3,250*
 
2.2200
05/01/2010
13,000*
 
2.2111
05/01/2010
2,990*
 
2.1045
05/01/2010
6,760*
 
2.1679
05/01/2010
5,785*
 
2.0123
05/01/2010
13,000*
 
2.0804
05/01/2010
885*
 
2.0081
05/01/2010
6,500*
 
2.0719
05/01/2010
2,547*
 
2.1066
05/01/2010
1,196*
 
2.1099
05/01/2010
416*
 
2.1100
05/01/2010
2,171*
 
2.1100
05/01/2010
3,250*
 
2.3198
05/01/2010
52*
 
2.1590
05/01/2010
299*
 
2.1545
05/01/2010
3,250*
 
2.4287
05/01/2010
3,250*
 
2.4522
05/01/2010
6,500*
 
2.4448
05/01/2010
351*
 
2.5734
05/01/2010
6,799*
 
2.6207
05/01/2010
2,600*
 
2.7386
05/01/2010
1,846*
 
2.5919
05/01/2010
1,950*
 
2.2801
05/01/2010
3,250*
 
2.2779
05/01/2010
260*
 
2.3245
05/01/2010
4,940*
 
2.3300
05/01/2010
3,265*
 
2.3504
05/01/2010
11,295*
 
2.3425
05/01/2010
3,900*
 
2.2900
05/01/2010
3,302*
 
2.2913
05/01/2010
12,298*
 
2.2897
05/01/2010
3,250*
 
2.2583
05/01/2010
3,250*
 
2.3200
05/01/2010
13*
 
2.2946
05/01/2010
2,600*
 
2.3176
05/01/2010
3,900*
 
2.2772
05/01/2010
3,276*
 
2.2168
05/01/2010
2,899*
 
2.1659
05/01/2010
 

 
 
 

 
CUSIP NO. 30226D106
 
3,211*
 
2.2736
05/01/2010
8,450*
 
2.4090
05/01/2010
320,000*
 
2.7800
05/01/2010
372*
 
2.3709
05/01/2010
(7,600) #
 
3.3300
05/01/2010
(19,874)#
 
3.3300
05/01/2010
(1,026) #
 
3.3300
05/01/2010
(9,500) #
 
3.3300
05/01/2010
(9,500) #
 
3.3300
05/01/2010
(15,170) #
 
3.3300
05/01/2010
(10,657) #
 
3.3300
05/01/2010
(796) #
 
3.3300
05/01/2010
(9,406) #
 
3.3300
05/01/2010
(18,963) #
 
3.3300
05/01/2010
(760) #
 
3.3300
05/01/2010
(9,500) #
 
3.3300
05/01/2010
(152) #
 
3.3300
05/01/2010
(874) #
 
3.3300
05/01/2010
(19,000) #
 
3.3300
05/01/2010
(1,974) #
 
3.3300
05/01/2010
(5,700) #
 
3.3300
05/01/2010
(9,500) #
 
3.3300
05/01/2010
(14,440) #
 
3.3300
05/01/2010
(9,546) #
 
3.3300
05/01/2010
(33,014) #
 
3.3300
05/01/2010
(11,400) #
 
3.3300
05/01/2010
(9,652) #
 
3.3300
05/01/2010
(35,948) #
 
3.3300
05/01/2010
(9,500) #
 
3.3300
05/01/2010
(9,500) #
 
3.3300
05/01/2010
(38) #
 
3.3300
05/01/2010
(7,600) #
 
3.3300
05/01/2010
(11,400) #
 
3.3300
05/01/2010
(9,576) #
 
3.3300
05/01/2010
(8,474) #
 
3.3300
05/01/2010
(9,386) #
 
3.3300
05/01/2010
(24,700) #
 
3.3300
05/01/2010
(320,000) #
 
3.3300
05/01/2010
(12,300) #
 
3.3300
05/01/2010
(15,748)
 
3.4899
05/03/2010
(7,192)
 
3.4464
05/04/2010
(1,957)
 
3.4771
05/05/2010
20
 
3.0000
05/06/2010
 

* Shares were acquired from Ramius Enterprise Master Fund Ltd, an affiliate of Ramius Navigation Master Fund Ltd, in an exempt transaction.
 
# Shares were transferred to RCG PB, Ltd, an affiliate of Ramius Navigation Master Fund Ltd which does not currently own any Shares of the Issuer, in an exempt transaction.
 
 
 

 
CUSIP NO. 30226D106
 
(5,955)
 
3.1792
05/06/2010
(7,552)
 
3.3057
05/06/2010
(15,263)
 
2.9865
05/07/2010
(59,525)
 
3.1126
05/10/2010
(18,750)
 
3.1905
05/11/2010
(6,250)
 
3.1100
05/12/2010
(18,750)
 
3.1174
05/12/2010
(1,150)
 
3.0163
05/13/2010
(22,675)
 
3.0117
05/13/2010
(23,550)
 
2.9472
05/14/2010
(33,333)
 
2.8724
05/17/2010
(16,667)
 
2.8879
05/18/2010
5,000
 
2.8500
05/19/2010
1,914
 
2.8808
05/19/2010
3,177
 
2.8732
05/19/2010
5,000
 
2.7800
05/20/2010
5,000
 
2.7828
05/20/2010
420
 
2.8099
05/20/2010
6,889
 
2.8116
05/20/2010
2,150
 
2.7900
05/21/2010
1,680
 
2.7883
05/21/2010
5,400
 
2.7911
05/21/2010
10
 
2.7500
05/24/2010
8,523
 
2.8469
05/24/2010
5,000
 
2.7400
05/25/2010
2,500
 
2.7580
05/25/2010
15,081
 
2.7637
05/25/2010
2,500
 
2.8312
05/26/2010
2,500
 
2.7839
05/26/2010
2,500
 
2.8561
05/26/2010
5,000
 
2.9029
05/27/2010
4,105
 
2.8703
05/28/2010
2,500
 
2.7500
06/01/2010
8,395
 
2.8188
06/01/2010
2,000
 
2.8000
06/02/2010
2,500
 
2.8438
06/02/2010
2,500
 
2.8594
06/03/2010
9,745
 
2.7718
06/07/2010

RAMIUS ENTERPRISE MASTER FUND LTD

(9,634)
 
3.5646
04/22/2010
(11,555)
 
3.5714
04/22/2010
(3,308)
 
3.5962
04/23/2010
(14,442)
 
3.5888
04/23/2010
(4,474)
 
3.5572
04/26/2010
(24,914)
 
3.5314
04/26/2010
(6,732)
 
3.7051
04/27/2010
(4,848)
 
3.5905
04/28/2010
 
 
 

 
CUSIP NO. 30226D106
 
(7,192)
 
3.5700
04/28/2010
(3,081)
 
3.5971
04/29/2010
(3,250)##
 
3.3300
05/01/2010
(5,167)##
 
3.3300
05/01/2010
(6,500) ##
 
3.3300
05/01/2010
(130) ##
 
3.3300
05/01/2010
(1,203) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(21,435) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(4,564) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(11,960) ##
 
3.3300
05/01/2010
(10,790) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(13,000) ##
 
3.3300
05/01/2010
(2,990) ##
 
3.3300
05/01/2010
(6,760) ##
 
3.3300
05/01/2010
(5,785) ##
 
3.3300
05/01/2010
(13,000) ##
 
3.3300
05/01/2010
(885) ##
 
3.3300
05/01/2010
(6,500) ##
 
3.3300
05/01/2010
(2,547) ##
 
3.3300
05/01/2010
(1,196) ##
 
3.3300
05/01/2010
(416) ##
 
3.3300
05/01/2010
(2,171) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(52) ##
 
3.3300
05/01/2010
(299) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(6,500) ##
 
3.3300
05/01/2010
(351) ##
 
3.3300
05/01/2010
(6,799) ##
 
3.3300
05/01/2010
(2,600) ##
 
3.3300
05/01/2010
(1,846) ##
 
3.3300
05/01/2010
(1,950) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
(260) ##
 
3.3300
05/01/2010
(4,940) ##
 
3.3300
05/01/2010
(3,265) ##
 
3.3300
05/01/2010
(11,295) ##
 
3.3300
05/01/2010
(3,900) ##
 
3.3300
05/01/2010
(3,302) ##
 
3.3300
05/01/2010
(12,298) ##
 
3.3300
05/01/2010
(3,250) ##
 
3.3300
05/01/2010
 

 
 
 

 
CUSIP NO. 30226D106
 
(3,250) ##
 
3.3300
05/01/2010
(13) ##
 
3.3300
05/01/2010
(2,600) ##
 
3.3300
05/01/2010
(3,900) ##
 
3.3300
05/01/2010
(3,276) ##
 
3.3300
05/01/2010
(2,899) ##
 
3.3300
05/01/2010
(3,211) ##
 
3.3300
05/01/2010
(8,450) ##
 
3.3300
05/01/2010
(320,000) ##
 
3.3300
05/01/2010
(372) ##
 
3.3300
05/01/2010

RAMIUS OPTIMUM INVESTMENTS LLC

157
 
2.7500
06/04/2010
8,793
 
2.7881
06/04/2010
2,165
 
2.7533
06/07/2010
260
 
2.5873
06/08/2010
16,151
 
2.6527
06/08/2010
1,240
 
2.5899
06/09/2010
10,260
 
2.6220
06/09/2010
1,213
 
2.5862
06/10/2010
8,816
 
2.6022
06/10/2010
5,700
 
2.6031
06/10/2010
10,000
 
2.6187
06/11/2010
10,000
 
2.7825
06/15/2010
3,914
 
2.7933
06/16/2010
6,086
 
2.7879
06/16/2010
2,200
 
2.8935
06/17/2010
12,800
 
2.8812
06/17/2010
2,050
 
3.0145
06/18/2010
7,950
 
3.0669
06/18/2010
2,500
 
2.9474
06/21/2010
5,440
 
2.9293
06/22/2010


## Shares were transferred to Ramius Navigation Master Fund Ltd, an affiliate of Ramius Enterprise Master Fund Ltd, in an exempt transaction.
 
 
 

 
CUSIP NO. 30226D106
 
SCHEDULE B
 
Directors and Officers of Ramius Value and Opportunity Master Fund Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Jeffrey M. Solomon
Director
 
Chief Operating Officer of Cowen Group, Inc.
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Mark R. Mitchell
Director
 
Partner Managing Director of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
CFS Company Ltd.
Director
 
Nominee Company registered with Cayman Islands Monetary Authority and is affiliated with Administrator of the Fund
 
c/o Citco Fund Services (Cayman Islands) Limited Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205 Cayman Islands
 
 
Cayman Islands
CSS Corporation Ltd.
Secretary
 
Affiliate of the Administrator of the Fund
 
c/o Citco Fund Services (Cayman Islands) Limited Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205 Cayman Islands
 
 
Cayman Islands
CSS Corporation Ltd.
Secretary
 
Affiliate of the Administrator of the Fund
 
c/o Citco Fund Services (Cayman Islands) Limited Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205 Cayman Islands
 
 
Cayman Islands

 
 

 
CUSIP NO. 30226D106
 
SCHEDULE C
 
Directors and Officers of Ramius Enterprise Master Fund Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Morgan B. Stark
Director
 
Chairman of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
CFS Company Ltd.
Director
 
Nominee Company registered with Cayman Islands Monetary Authority and is affiliated with Administrator of the Fund
 
c/o Citco Fund Services (Cayman Islands) Limited Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205 Cayman Islands
 
 
Cayman Islands
CSS Corporation Ltd.
Secretary
 
Affiliate of the Administrator of the Fund
 
c/o Citco Fund Services (Cayman Islands) Limited Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205 Cayman Islands
 
 
Cayman Islands

 
 

 
CUSIP NO. 30226D106
 
SCHEDULE D
 
Directors and Officers of Ramius Navigation Master Fund Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Jeffrey C. Smith
Director
 
Partner Managing Director of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States

 
 

 
CUSIP NO. 30226D106
 
SCHEDULE E
 
Directors and Officers of Cowen Group, Inc.
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Peter A. Cohen
Chairman of the Board and Chief Executive Officer
 
Chief Executive Officer of Cowen Group, Inc.
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Kevin Kotler
Director
 
Vice Chairman of Gilbert Global Equity Partners
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Jules B. Kroll
Director
 
President of JEMKroll Group
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
David M. Malcolm
Director
 
President and Chief Executive Officer of Cowen and Company
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Jerome S. Markowitz
Director
 
Senior Partner at Conifer Securities LLC
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Jack H. Nusbaum
Director
 
Chairman of Willkie Farr & Gallagher LLP
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Edoardo Spezzotti
Director
 
Senior Executive Vice President of Unicredit Group
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
Italy
             
John E. Toffolon, Jr.
Lead Director
 
Director, Westway Group, Inc.
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Christopher A. White
Chief of Staff
 
Chief of Staff of Cowen Group, Inc.
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
 
 
 

 
CUSIP NO. 30226D106
 
Joseph R. Wright
Director
 
Senior Advisor to The Chart Group, L.P. and Director of Scientific Games Corporation
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Morgan B. Stark
Member of Executive and Operating Committees
 
Chairman of Ramius LLC
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Thomas W. Strauss
Member of Executive and Operating Committees
 
A Managing Member of C4S & Co., L.L.C
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Stephen A. Lasota
Chief Financial Officer
 
Chief Financial Officer of Ramius LLC
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Jeffrey M. Solomon
Chief Operating Officer, Chief Strategy Officer, Chairman of the Investment Committee and member of the Operating Committee
 
A Managing Member of C4S & Co., L.L.C
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States

 
ex991to13d06297072_06152010.htm
Exhibit 99.1
 
JOINT FILING AGREEMENT
 
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Common Stock, $0.001 par value per share, of Extreme Networks, Inc.  This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
 
Dated:  June 23, 2010

RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
By: RCG Starboard Advisors, LLC,
its investment manager
 
RAMIUS NAVIGATION MASTER FUND LTD
By:  Ramius Advisors, LLC,
its investment advisor
 
RAMIUS ENTERPRISE MASTER FUND LTD
By:  Ramius Advisors, LLC,
its investment advisor
 
RCG STARBOARD ADVISORS, LLC
By:  Ramius LLC,
its sole member
 
RAMIUS OPTIMUM INVESTMENTS LLC
By:  Ramius Advisors, LLC,
its managing member
RAMIUS ADVISORS, LLC
By:  Ramius LLC,
its sole member
 
RAMIUS LLC
By:  Cowen Group, Inc.,
its sole member
 
COWEN GROUP, INC.
 
RCG HOLDINGS LLC
By:  C4S & Co., L.L.C.,
its managing member
 
C4S & CO., L.L.C.
 

 
 
By:
/s/ Owen S. Littman
 
Name:
Owen S. Littman
 
Title:
Authorized Signatory


/s/ Owen S. Littman
 
OWEN S. LITTMAN
 
As attorney-in-fact for Jeffrey M. Solomon, Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss
 


 
ex992to13d06297072_06152010.htm
Exhibit 99.2
 
POWER OF ATTORNEY


The undersigned hereby appoints Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss, Jeffrey M. Solomon, Jeffrey C. Smith, J. Kevin McCarthy and Owen S. Littman, or any of them, his true and lawful attorney-in fact and agent to execute and file with the Securities and Exchange Commission any Schedule 13D, Schedule 13G, Form 3, Form 4, Form 5, any settlement agreement, any amendments to any of the foregoing and any related documentation which may be required to be filed in his individual capacity as a result of the undersigned’s beneficial ownership of, or participation in a group with respect to, securities directly or indirectly beneficially owned by C4S & Co., L.L.C., RCG Holdings LLC, Cowen Group, Inc., Ramius LLC or any of their respective affiliates, and granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing which he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.  The authority of Peter A, Cohen, Morgan B. Stark, Thomas W. Strauss, Jeffrey M. Solomon, Jeffrey C. Smith, J. Kevin McCarthy and Owen S. Littman, or any of them, under this Power of Attorney shall continue with respect to the undersigned until revoked in writing.

Date: April 26, 2010



/s/ Peter A. Cohen
Peter A. Cohen
 
 
/s/ Morgan B. Stark
Morgan B. Stark
 
 
 
/s/ Jeffrey M. Solomon
Jeffrey M. Solomon
 
 
 
/s/ Thomas W. Strauss
Thomas W. Strauss