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Filing Details

Accession Number:: 0001009626-12-000057
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-12-20 20:34:34
Reporting Period:: 2012-12-18

Filing Date:: 2012-12-20
Accepted Time:: 2012-12-20 20:34:34
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
1229129	Michael Klayko	130 Holger Way San Jose CA 95134	Chief Executive Officer	Yes	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	Explanation
Common Stock	Disposition	2012-12-18	250,000	$5.48	528,277	No	4	S	Indirect	By Trust
Common Stock	Disposition	2012-12-19	250,000	$5.84	278,277	No	4	S	Indirect	By Trust
Common Stock	Disposition	2012-12-19	240,835	$5.46	268,045	No	4	S	Direct
Common Stock	Acquisiton	2012-12-19	615,000	$3.38	883,045	No	4	M	Direct
Common Stock	Disposition	2012-12-19	615,000	$5.46	268,045	No	4	S	Direct
Common Stock	Disposition	2012-12-20	250,000	$5.48	28,277	No	4	S	Indirect	By Trust
Common Stock	Disposition	2012-12-20	226,372	$5.48	41,673	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	By Trust
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	Non-Qualified Stock Option (right to buy)	Disposition	2012-12-19	615,000	$3.38	615,000	$3.38

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-11-01	2015-12-19	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	22,889	Indirect	By Daughter

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.47 to $5.485, 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 this footnote.
Reflects shares held by the Klayko Living Trust, over which the Reporting Person and his spouse exercise investment and voting control.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.45 to $5.535, 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 this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.45 to $5.4601, 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 this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.40 to $5.52, 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 this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.44 to $5.505, 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 this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.48 to $5.485, 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 this footnote.