Deranleau Richard 4
4 · BROCADE COMMUNICATIONS SYSTEMS INC · Filed Nov 25, 2009
Insider Transaction Report
Form 4
Deranleau Richard
VP, Finance & CFO
Transactions
- Award
Common Stock
2009-11-24+138,198→ 237,670 total - Sale
Common Stock
2009-11-25$7.31/sh−71,406$521,978→ 206,654 total - Award
Common Stock
2009-11-24+40,390→ 278,060 total - Award
Restricted Stock Units
2009-11-24+103,625→ 103,625 totalExercise: $0.00→ Common Stock (103,625 underlying)
Footnotes (4)
- [F1]Reflects the settlement of performance-based restricted stock units granted July 30, 2007 pursuant to the Long Term Incentive Outperform Plan Agreement under Brocade's 1999 Stock Plan.
- [F2]Reflects the settlement of performance-based restricted stock units granted effective as of November 24, 2006 under Brocade's 1999 Stock Plan.
- [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 peformance objectives pursuant to the performance-based restricted stock units granted May 28, 2009 under Brocade's 2009 Stock Plan. The restricted stock units vest in full on the last regular work day of Brocade's fiscal year 2010 subject to the terms of the performance-based restricted stock unit agreement.