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

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* Cleaver Matthew Howard (Last) (First) (Middle) 6480 VIA DEL ORO (Street) SAN JOSE CA 95119 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/13/2018	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) Interim CFO	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)
Common Stock	11,037	D

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)	02/07/2015	02/07/2021	Common Stock	1,875	5.67	D
Performance Shares	08/29/2017(1)	08/29/2019	Common Stock	5,253	0.0	D
Performance Shares	08/23/2018(2)	08/23/2020	Common Stock	8,650	0.0	D
Performance Shares	08/31/2019(3)	08/29/2021	Common Stock	9,158	0.0	D
RSU Award	08/29/2017(4)	08/29/2019	Common Stock	5,253	0.0	D
RSU Award	08/23/2018(5)	08/23/2020	Common Stock	5,769	0.0	D
RSU Award	08/31/2019(6)	08/29/2021	Common Stock	9,158	0.0	D

Explanation of Responses:

1. 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.

2. Performance Stock Unit will be earned if GAAP combined earnings per share meets or exceeds $0.32 over two consecutive quarters. Earned shares vest as to 1/3 on 8/23/2018 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter. Shares will be cancelled if goal is not met by August 23st 2020.

3. Performance Stock Unit will be earned if GAAP combined earnings per share meets or exceeds $0.20 over two consecutive quarters. Earned shares vest as to 1/3 on 8/31/2019 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter. Shares will be cancelled if goal is not met by August 31st 2021.

4. This Time Based RSU award vests 1/3 on 8/29/2017 and 1/12 each quarter thereafter.

5. This Time Based RSU award vests 1/3 on 8/23/2018 and 1/12 each quarter thereafter.

6. This Time Based RSU award vests 1/3 on 8/31/2019 and 1/12 each quarter thereafter.

	Quentin Wright, Power of Attorney	09/19/2018
	** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.