X0306 4 2018-02-12 1 0001348334 BARRACUDA NETWORKS INC CUDA 0001197639 ALLEN JEFFRY R C/O BARRACUDA NETWORKS, INC. 3175 S. WINCHESTER BLVD. CAMPBELL CA 95008 1 0 0 0 Common Stock 2018-02-12 4 D 0 138770 D 9617 I See footnote Common Stock 2018-02-12 4 D 0 9617 D 0 D Stock Option (right to buy) 12.39 2018-02-12 4 D 0 50000 0.00 D 2022-05-18 Common Stock 50000 0 D Stock Option (right to buy) 24.85 2018-02-12 4 D 0 1063 0.00 D 2024-08-31 Common Stock 1063 0 D Stock Option (right to buy) 26.29 2018-02-12 4 D 0 1045 0.00 D 2025-08-31 Common Stock 1045 0 D Stock Option (right to buy) 19.03 2018-02-12 4 D 0 1455 0.00 D 2025-11-30 Common Stock 1455 0 D Stock Option (right to buy) 12.86 2018-02-12 4 D 0 2155 0.00 D 2026-02-28 Common Stock 2155 0 D Stock Option (right to buy) 17.21 2018-02-12 4 D 0 1609 0.00 D 2026-05-31 Common Stock 1609 0 D Stock Option (right to buy) 21.90 2018-02-12 4 D 0 11330 0.00 D 2026-08-10 Common Stock 11330 0 D Stock Option (right to buy) 23.20 2018-02-12 4 D 0 1286 0.00 D 2026-08-31 Common Stock 1286 0 D Stock Option (right to buy) 22.04 2018-02-12 4 D 0 1375 0.00 D 2026-11-30 Common Stock 1375 0 D Stock Option (right to buy) 23.66 2018-02-12 4 D 0 1257 0.00 D 2027-02-28 Common Stock 1257 0 D Pursuant to the Agreement and Plan of Merger between the Issuer, Project Deep Blue Holdings, LLC, and Project Deep Blue Merger Corp. dated November 26, 2017 (the "Merger Agreement"), each share of Issuer common stock was exchanged for $27.55 in cash. The shares are held directly by The Jeffry & Terri Allen Revocable Trust dtd 1/29/02 for which the Reporting Person serves as a trustee. The shares are represented by restricted stock units, or RSUs. Pursuant to the provisions of the Issuer's 2012 Equity Incentive Plan (the "2012 Plan"), the RSUs vested in full immediately prior to the closing of the merger. Pursuant to the Merger Agreement, the RSUs were cancelled and converted into the right to receive a cash payment of $264,948.35, which represents $27.55 for each outstanding unit. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $758,000.00, which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $2,870.10 which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $1,316.70 which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $12,396.60 which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $31,656.95 which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $16,637.06 which represents the difference between $27.55 and the exercise price of the option per share. Pursuant to the provisions of the 2012 Plan, the option vested in full immediately prior to the closing of the merger. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $64,014.50 which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $5,594.10 which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $7,576.25 which represents the difference between $27.55 and the exercise price of the option per share. Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $4,889.73 which represents the difference between $27.55 and the exercise price of the option per share. /s/ Diane Honda, by power of attorney 2018-02-14