Filing Details
- Accession Number:
- 0001009626-16-000328
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-12-15 19:30:36
- Reporting Period:
- 2016-12-13
- Filing Date:
- 2016-12-15
- Accepted Time:
- 2016-12-15 19:30:36
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1009626 | Brocade Communications Systems Inc | BRCD | Computer Communications Equipment (3576) | 770409517 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1204424 | Lloyd Carney | 130 Holger Way San Jose CA 95134 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-12-13 | 172,867 | $5.66 | 731,284 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-12-13 | 128,824 | $12.39 | 602,460 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2016-12-14 | 693,829 | $5.66 | 1,296,289 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-12-14 | 520,485 | $12.40 | 775,804 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-12-13 | 172,867 | $0.00 | 172,867 | $5.66 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-12-14 | 693,829 | $0.00 | 693,829 | $5.66 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,227,133 | 2020-01-16 | No | 4 | M | Direct | |
| 1,533,304 | 2020-01-16 | No | 4 | M | Direct |
Footnotes
- Shares sold for payment of exercise price and tax withholding liability pursuant to terms of the option agreement.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.385 to $12.40, 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 $12.40 to $12.41, 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 Options shall vest as to 25% of the shares on January 14, 2014 and 1/48 of the shares will vest each month thereafter.
Billionaire Hedge Funds
