Sec Form 4 Filing - Levow Zachary S @ BARRACUDA NETWORKS INC - 2017-05-31

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
Levow Zachary S
2. Issuer Name and Ticker or Trading Symbol
BARRACUDA NETWORKS INC [ CUDA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O BARACUDA NETWORKS, INC., 3175 S. WINCHESTER BLVD.
3. Date of Earliest Transaction (MM/DD/YY)
05/31/2017
(Street)
CAMPBELL, CA95008
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 05/31/2017 A 25,000 ( 1 ) A $ 0 2,195,847 ( 2 ) D
Common Stock 211,912 I By Trust ( 3 )
Common Stock 28,963 I By Spouse
Common Stock 131,602 ( 4 ) I By Trust ( 5 )
Common Stock 131,602 ( 6 ) I By Trust ( 7 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Levow Zachary S
C/O BARACUDA NETWORKS, INC.
3175 S. WINCHESTER BLVD.
CAMPBELL, CA95008
X
Signatures
/s/ Diane Honda Attorney-in-Fact for Zachary S. Levow 06/02/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported securities are represented by restricted stock units which vest in four equal annual installments beginning on June 1, 2018.
( 2 )Excludes 58,095 shares transferred to the Holly Levow 2015 Grantor Retained Annuity Trust dated October 1, 2015 (the "Holly Levow 2015 GRAT") for which Holly Levow serves as a Trustee, and 131,602 shares transferred to the Zachary Levow 2015 Grantor Retained Annuity Trust dated October 1, 2015 (the "Zach Levow 2015 GRAT") for which the Reporting Person serves as a trustee.
( 3 )The shares are held directly by the Levow Family 2010 Irrevocable Trust, dated June 29, 2010 for which the Reporting Person serves as a trustee.
( 4 )Includes 131,602 shares previously reported as held by the Reporting Person's spouse and have been transferred and are now held by the Holly Levow 2015 GRAT for which the Reporting Peron's spouse serves as a trustee.
( 5 )The shares are held by the Holly Levow 2015 GRAT for which the Reporting Person's spouse serves as a trustee.
( 6 )Includes 131,602 shares previously reported as held directly by the Zachary Levow and were transferred and are now held by the Zach Levow 2015 GRAT for which the Reporting Person serves as a Trustee.
( 7 )The shares are held by the the Zach Levow 2015 GRAT for which the Reporting Person serves as a trustee.

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.