UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option (right to buy) | 02/07/2015 | 02/07/2021 | Common Stock | 1,875 | $ 5.67 | D | Â |
Performance Shares | 08/29/2017(1) | 08/29/2019 | Common Stock | 5,253 | $ 0 | D | Â |
Performance Shares | 08/23/2018(2) | 08/23/2020 | Common Stock | 8,650 | $ 0 | D | Â |
Performance Shares | 08/31/2019(3) | 08/29/2021 | Common Stock | 9,158 | $ 0 | D | Â |
RSU Award | 08/29/2017(4) | 08/29/2019 | Common Stock | 5,253 | $ 0 | D | Â |
RSU Award | 08/23/2018(5) | 08/23/2020 | Common Stock | 5,769 | $ 0 | D | Â |
RSU Award | 08/31/2019(6) | 08/29/2021 | Common Stock | 9,158 | $ 0 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Cleaver Matthew Howard 6480 VIA DEL ORO SAN JOSE, CA 95119 |
 |  |  Interim CFO |  |
Quentin Wright, Power of Attorney | 09/19/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) | Performance grants were earned when EXTR shares reached $5.00 per share for 30 consecutive trading days after January 1st 2017. Earned shares vest as to 1/3 on the one year anniversary date and 1/12 each quarter thereafter. |
(2) | Performance Stock Unit will be earned if GAAP combined earnings per share meets or exceeds $0.32 over two consecutive quarters. Earned shares vest as to 1/3 on 8/23/2018 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter. Shares will be cancelled if goal is not met by August 23st 2020. |
(3) | Performance Stock Unit will be earned if GAAP combined earnings per share meets or exceeds $0.20 over two consecutive quarters. Earned shares vest as to 1/3 on 8/31/2019 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter. Shares will be cancelled if goal is not met by August 31st 2021. |
(4) | This Time Based RSU award vests 1/3 on 8/29/2017 and 1/12 each quarter thereafter. |
(5) | This Time Based RSU award vests 1/3 on 8/23/2018 and 1/12 each quarter thereafter. |
(6) | This Time Based RSU award vests 1/3 on 8/31/2019 and 1/12 each quarter thereafter. |