4//SEC Filing
England Gale E. 4
Accession 0001009626-17-000096
CIK 0001009626other
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 8:43 PM ET
Size
11.3 KB
Accession
0001009626-17-000096
Insider Transaction Report
Form 4
England Gale E.
SVP Operations
Transactions
- Exercise/Conversion
Common Stock
2017-11-05+21,292→ 61,361 total - Tax Payment
Common Stock
2017-11-05$12.58/sh−10,970$138,003→ 50,391 total - Award
Restricted Stock Units
2017-11-05+42,584→ 42,584 totalExp: 2018-10-28→ Common Stock (42,584 underlying) - Exercise/Conversion
Restricted Stock Units
2017-11-05−21,292→ 21,292 totalExp: 2018-10-28→ Common Stock (21,292 underlying)
Footnotes (4)
- [F1]Reflects the conversion of 50% of the shares referred to in footnote (4) in this Form 4 into shares of Brocade common stock in connection with the vesting of the restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
- [F2]Shares automatically withheld for payment of tax withholding liability in connection with vesting of the restricted stock units pursuant to terms of the restricted stock unit agreement.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
- [F4]The restricted stock units were granted upon achievement of certain performance objectives pursuant to the performance-based restricted stock units granted December 15, 2015 under Brocade's 2009 Stock Plan. The performance period for the restricted stock units was November 1, 2015 until October 28, 2017, with vesting subject to approval of the performance calculation by Brocade's Compensation Committee. This approval was obtained on November 5, 2017. As a result, 50% of the earned shares underlying the restricted stock units vested on that date and the remaining 50% will vest on October 28, 2018, subject to the terms of the performance-based restricted stock unit agreement.
Documents
Issuer
BROCADE COMMUNICATIONS SYSTEMS INC
CIK 0001009626
Entity typeother
Related Parties
1- filerCIK 0001490374
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 8:43 PM ET
- Size
- 11.3 KB