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Form 4 EXTREME NETWORKS INC For: Aug 15 Filed by: MEYERCORD EDWARD

August 17, 2022 6:56 PM EDT

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
MEYERCORD EDWARD

(Last) (First) (Middle)
2121 RDU CENTER DR.

(Street)
MORRISVILLE NC 27560

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EXTREME NETWORKS INC [ EXTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT AND CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/15/2022   M   31,960 A $ 0 839,210 (1) D  
Common Stock 08/15/2022   F   15,453 (2) D $ 14.02 823,757 D  
Common Stock 08/15/2022   M   104,063 A $ 0 927,820 D  
Common Stock 08/15/2022   F   50,315 (2) D $ 14.02 877,505 D  
Common Stock 08/16/2022   M   127,777 A $ 0 1,005,282 D  
Common Stock 08/16/2022   F   61,781 (2) D $ 13.63 943,501 D  
Common Stock 08/16/2022   M   104,063 A $ 0 1,047,564 D  
Common Stock 08/16/2022   F   50,315 (2) D $ 13.63 997,249 D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $ 0 08/15/2022   M     31,960 08/15/2021 (3) 08/15/2023 Common stock 31,960 $ 0 127,841 D  
Restricted Stock Units $ 0 08/15/2022   M     104,063 08/15/2022 (3) 08/15/2024 Common stock 104,063 $ 0 208,437 D  
Restricted Stock Units $ 0 08/15/2022   A   463,845   08/15/2023 (3) 08/15/2025 Common Stock 463,845 $ 0 463,845 D  
Performance Shares $ 0 08/16/2022   A   127,777   08/15/2022 (4) 08/15/2023 Common Stock 127,777 $ 0 127,777 D  
Performance Shares $ 0 08/16/2022   M     127,777 08/15/2022 (4) 08/15/2023 Common Stock 127,777 $ 0 0 D  
Performance Shares $ 0 08/16/2022   A   104,063   08/15/2022 (5) 08/15/2024 Common Stock 104,063 $ 0 104,063 D  
Performance Shares $ 0 08/16/2022   M     104,063 08/15/2022 (5) 08/15/2024 Common Stock 104,063 $ 0 0 D  
Explanation of Responses:
1. An additional 583 shares are included in this total, reflecting non-reportable purchase of 583 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release
3. This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.
4. Represents one tranche of a performance award granted on 08/15/2020. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2022.
5. Represents one tranche of a performance award granted on 08/15/2021. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2022.
/s/ Lily Kang, Power of Attorney for Ed Meyercord 08/17/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


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