Sunday, June 26, 2005

Extreme Networks Accelerates Vesting of Stock Options

Extreme Networks accelerated the vesting of certain unvested options awarded to its employees, officers and directors under its stock option plans in response to the upcoming change in the accounting treatment of stock awards. The acceleration applies only to those options with an exercise price of $7.00 per share or higher. The closing sale price of Extreme's common stock on June 27, 2005 was $4.17 per share.

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