Sec Form 4 Filing - Davies Benjamin Drew @ EXTREME NETWORKS INC - 2017-07-31

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
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/YY)
07/31/2017
(Street)
SAN JOSE, CA95119
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 07/31/2017 07/31/2017 J 3,342 ( 1 ) A $ 4.488 115,603 ( 2 ) D
Common Stock 09/01/2017 09/01/2017 M 8,334 A $ 0 123,937 ( 2 ) D
Common Stock 09/01/2017 09/01/2017 F 4,349 ( 3 ) D $ 11.51 119,588 ( 2 ) D
Common Stock 09/01/2017 09/01/2017 F 4,349 ( 4 ) D $ 11.51 115,239 ( 2 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 09/01/2017 M 8,334 06/01/2017( 5 ) 06/01/2019 Common Stock 8,334 $ 0 58,333 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Davies Benjamin Drew
6480 VIA DEL ORO
SAN JOSE, CA95119
EVP Chief Financial Officer
Signatures
Quentin Wright, Power of Attorney 09/06/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares were purchased through the 2014 Employee Stock Purchase Plan.
( 2 )Beneficially owned share amount includes 58,334 unvested RSUs granted on 6/1/2016.
( 3 )Represents shares withheld from the Performance Based RSU award for the payment of applicable income and payroll withholding taxes due on release.
( 4 )Represents shares withheld from the RSU award for the payment of applicable income and payroll withholding taxes due on release.
( 5 )Performance grants were earned when EXTR shares reached $5.00 per share for 30 consecutive trading days after January 1st 2017. Shares vest on the same schedule as the Time-Based RSUs granted at the same time.

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).

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.