Home > Insider Trading > Filing (0001009626-13-000107)

Filing Details

Accession Number:: 0001009626-13-000107
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-11-15 18:23:57
Reporting Period:: 2013-11-14

Filing Date:: 2013-11-15
Accepted Time:: 2013-11-15 18:23:57
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-11-14	56,250	$0.00	79,583	No	4	M	Direct
Common Stock	Disposition	2013-11-14	27,441	$8.14	52,142	No	4	F	Direct
Common Stock	Disposition	2013-11-15	28,809	$8.14	23,333	No	4	S	Direct

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

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2013-11-14	112,500	$0.00	112,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-11-14	56,250	$0.00	56,250	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
112,500		2014-10-26	No	4	A	Direct
56,250		2014-10-26	No	4	M	Direct

Footnotes

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.
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 $8.11 to $8.16, 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.
Each restricted stock unit represents a contingent right to receive one share of Brocade common stock.
The restricted stock units were granted upon achievement of certain performance objectives pursuant to the performance-based restricted stock units granted November 28, 2011 under Brocade's 2009 Stock Plan. The performance period for the restricted stock units was October 30, 2011 until October 26, 2013, with vesting subject to approval of the performance calculation by Brocade's Compensation Committee. This approval was obtained on November 14, 2013. As a result, 50% of the restricted stock units vested on that date and the remaining 50% will vest on October 26, 2014, subject to the terms of the performance-based restricted stock unit agreement.
Reflects the conversion of 50% of the shares referred to in footnote (6) 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.