BROCADE COMMUNICATIONS SYSTEMS INC 4
4 · BROCADE COMMUNICATIONS SYSTEMS INC · Filed Nov 28, 2016
Insider Transaction Report
Form 4
DIPENTIMA RENATO A
Director
Transactions
- Exercise/Conversion
Common Stock
2016-11-23$8.29/sh+80,000$663,200→ 226,800 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2016-11-23−80,000→ 0 totalExercise: $8.29Exp: 2017-01-29→ Common Stock (80,000 underlying) - Tax Payment
Common Stock
2016-11-23$12.49/sh−53,098$663,194→ 173,702 total
Footnotes (3)
- [F1]Shares withheld for payment of exercise price pursuant to terms of the option agreement. The fair market value of Brocade common stock used for purposes of calculating the number of shares to be withheld was the closing price of Brocade common stock as reported on the NASDAQ Stock Market on November 23, 2016.
- [F2]Amount of securities beneficially owned includes 20,223 unvested restricted stock units.
- [F3]Subject to the provisions in the option agreement, options vest quarterly over four years beginning April 29, 2007.