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Filing Details

Accession Number:
0001009626-17-000029
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-24 19:47:26
Reporting Period:
2017-03-22
Filing Date:
2017-03-24
Accepted Time:
2017-03-24 19:47:26
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 2017-03-22 333,333 $8.59 1,143,810 No 4 M Direct
Common Stock Disposition 2017-03-22 333,333 $12.48 810,477 No 4 S Direct
Common Stock Acquisiton 2017-03-22 239,166 $10.89 1,049,643 No 4 M Direct
Common Stock Disposition 2017-03-22 239,166 $12.48 810,477 No 4 S Direct
Common Stock Disposition 2017-03-22 94,792 $12.47 715,685 No 4 S Direct
Common Stock Disposition 2017-03-22 49,198 $12.47 666,487 No 4 S Direct
Common Stock Disposition 2017-03-22 51,964 $12.47 614,523 No 4 S Direct
Common Stock Disposition 2017-03-22 40,694 $12.47 573,829 No 4 S Direct
Common Stock Disposition 2017-03-22 241,769 $12.47 332,060 No 4 S Direct
Common Stock Disposition 2016-12-23 80,000 $0.00 252,060 No 5 G 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
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 5 G 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 2017-03-22 333,333 $0.00 333,333 $8.59
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2017-03-22 239,166 $0.00 239,166 $10.89
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
66,667 2020-12-09 No 4 M Direct
170,834 2021-12-16 No 4 M Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.47 to $12.485, 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.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.46 to $12.475, 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.
  3. The options vest monthly over four years from November 1, 2013.
  4. The options vest monthly over four years from November 1, 2014.