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Filing Details

Accession Number:: 0001009626-12-000038
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-11-05 19:45:50
Reporting Period:: 2012-11-01

Filing Date:: 2012-11-05
Accepted Time:: 2012-11-05 19:45:50
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1009626	Brocade Communications Systems Inc	BRCD	Computer Peripheral Equipment, Nec (3577)	770409517

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1316521	Tyler Wall	130 Holger Way San Jose CA 95134	Vp, General Counsel	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2012-11-01	15,830	$5.30	7,175	No	4	S	Direct
Common Stock	Acquisiton	2012-11-01	9,366	$0.00	16,541	No	4	M	Direct
Common Stock	Disposition	2012-11-01	3,435	$5.48	13,106	No	4	F	Direct
Common Stock	Acquisiton	2012-11-01	10,000	$0.00	23,106	No	4	M	Direct
Common Stock	Disposition	2012-11-01	3,668	$5.48	19,438	No	4	F	Direct
Common Stock	Disposition	2012-11-02	12,263	$5.49	7,175	No	4	S	Direct
Common Stock	Acquisiton	2012-11-01	11,429	$0.00	18,604	No	4	M	Direct
Common Stock	Disposition	2012-11-01	4,192	$5.48	14,412	No	4	F	Direct
Common Stock	Disposition	2012-11-05	7,237	$5.50	7,175	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2012-11-01	50,000	$0.00	50,000	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2012-11-01	25,000	$0.00	25,000	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2012-11-01	22,858	$0.00	22,858	$0.00
Common Stock	Restricted Stock Units	Disposition	2012-11-01	11,429	$0.00	11,429	$0.00
Common Stock	Restricted Stock Units	Disposition	2012-11-01	9,366	$0.00	9,366	$0.00
Common Stock	Restricted Stock Units	Disposition	2012-11-01	10,000	$0.00	10,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
50,000	2015-11-01	No	4	A	Direct
25,000	2014-11-01	No	4	A	Direct
22,858	2013-10-27	No	4	A	Direct
11,429	2013-10-27	No	4	M	Direct
0	2012-11-01	No	4	M	Direct
10,000	2013-11-01	No	4	M	Direct

Footnotes

Shares sold pursuant to 10b5-1 trading plan previously adopted by the reporting person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.28 to $5.31, inclusive. The reporting person undertakes to provide Brocade Communications Systems, Inc., any security holder of Brocade Communications Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
Reflects the conversion of previously granted restricted stock units 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.
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.
Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
Restricted stock units vest annually over three years from November 1, 2012.
Restricted stock units vest annually over two years from November 1, 2012.
The restricted stock units were granted upon achievement of certain performance objectives pursuant to the performance-based restricted stock units granted December 12, 2010 under Brocade's 2009 Stock Plan. The restricted stock units vest 50% on November 1, 2012 and the remaining 50% on October 27, 2013 subject to the terms of the performance-based restricted stock unit agreement.
Reflects the conversion of 50% of the shares referred to in footnote (8) 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.