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| x  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended June 29, 2014 |

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| ¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from                     to |

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| Delaware                                                      |   | 51-0300558 |
| (State or other jurisdictionof incorporation or organization) |   | (I.R.S. EmployerIdentification No.) |
| 3333 Susan StreetCosta Mesa, California                       |   | 92626 |
| (Address of principal executive offices)                      |   | (Zip Code) |

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|------------------------------------------------------------------------|
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| Title of Each Class                                                    |   | Name of Each Exchange on Which Registered |
| Common Stock, Par Value $0.10 Per SharePreferred Stock Purchase Rights |   | New York Stock ExchangeNew York Stock Exchange |

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|                                                      |  |  |  |  |  |  |
| Large accelerated filer  x  |   | Accelerated filer  ¨ |   | Non-accelerated filer  ¨ |   | Smaller reporting company  ¨ |
| (Do not check if a smaller reporting company)        |

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|          |  |  |
|     |   | Page |
| Part III | 5 |
|     | Item 10. Directors, Executive Officers and Corporate Governance | 5 |
|     | Item 11. Executive Compensation | 9 |
|     | Item 12. Security Ownership of Certain Beneficial Owners and Management | 35 |
|     | Item 13. Certain Relationships and Related Transactions, and Director Independence | 37 |
|     | Item 14. Principal Accountant Fees and Services | 37 |
| Part IV  | 39 |
|     | Item 15. Exhibits and Financial Statement Schedules | 39 |
|     | Signatures | 40 |

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|               |                                                               |
|---------------|---------------------------------------------------------------|
| Item 10. | Directors, Executive Officers, and Corporate Governance.  |

|                           |
|---------------------------|
|                           |  |  |  |  |
| Name                      |   | Position |   | Age |
| Jeffrey W. Benck          |   | President and Chief Executive Officer |   | 49 |
| Kyle B. Wescoat           |   | Senior Vice President, Chief Financial Officer, and Treasurer |   | 63 |
| Margaret A. Evashenk (1)  |   | Senior Vice President, Chief Development Executive |   | 48 |
| Jeffrey L. Hoogenboom (1) |   | Senior Vice President, Worldwide Sales |   | 49 |
| Perry M. Mulligan (1)     |   | Senior Vice President, Operations |   | 57 |

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|                           |
|---------------------------|
|                           |  |  |  |  |
| Name                      |   | Position |   | Age |
| Jeffrey W. Benck          |   | President, Chief Executive Officer, and Director |   | 49 |
| Gregory S. Clark (1)      |   | Director |   | 49 |
| Gary J. Daichendt (3)     |   | Director |   | 63 |
| Bruce C. Edwards (1)      |   | Chairman of the Board |   | 60 |
| Paul F. Folino            |   | Director |   | 69 |
| Eugene J. Frantz (2)      |   | Director |   | 48 |
| Beatriz V. Infante (1)(2) |   | Director |   | 60 |
| John A. Kelley (1)        |   | Director |   | 65 |
| Rahul N. Merchant (3)     |   | Director |   | 58 |
| Nersi Nazari(2)           |   | Director |   | 55 |
| Dean A. Yoost (2)(3)      |   | Director |   | 64 |

|     |                                                                 |
|-----|-----------------------------------------------------------------|
| (1) | Member of the Compensation Committee of the Board of Directors. |

|     |                                                                                    |
|-----|------------------------------------------------------------------------------------|
| (2) | Member of the Nominating/Corporate Governance Committee of the Board of Directors. |

|     |                                                          |
|-----|----------------------------------------------------------|
| (3) | Member of the Audit Committee of the Board of Directors. |

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|----------|------------------------------|
| Item 11. | Executive Compensation.  |

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|         |                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A majority of the total direct compensation for our Named Executive Officers is long-term equity compensation tied to the Company’s stock price performance. |

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|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our stock ownership guidelines require that our Named Executive Officers hold shares having a value of at least one times base salary. Starting in fiscal 2015, the requirement for our Chief Executive Officer increased from one times to three times base salary. |

|         |                                                                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our short-term cash incentive plan is based on the achievement of specific revenue and operating income goals based on our annual operating plan as approved by the Board of Directors. |

|         |                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our performance-based equity awards are tied to specific revenue, operating income and total stockholder return (TSR) metrics, over a two-year period, based solely upon our relative performance compared to our peer companies. |

|         |                                                                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In our compensation decisions, we target the 50th percentile of compensation paid to similarly situated executive officers of the companies in our compensation peer group where we compete for talent. |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We provide meaningful opportunities for increased compensation tied to company, team and individual achievement of objectives which are tied to shareholder interests. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | No Merit-Based Changes to Base Salary - We did not give merit-based adjustments to base salary in fiscal 2014. However, after considering a number of factors, including the fact that we did not provide base salary increases to our executive officers in 2012 and 2013, in 2014 we did provide a modest (2%) increase to the base salaries of our executive officers to address market competitive factors. In addition, the promotion of Mr. Benck to Chief Executive Officer at the beginning of fiscal 2014 resulted in a corresponding increase in his 2014 base salary to reflect his new position. Mr. Benck's 2014 base salary as Chief Executive Officer was $510,000, which is 13% lower than that of his predecessor and 12% below the 50th percentile relative to our peer group for 2014. |

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|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Multiple Cash Incentive Targets Periods - In establishing the quarterly company performance targets for the cash incentive plan in fiscal 2014, the Committee considered a number of factors including setting challenging but achievable objectives to foster growth in the Company’s revenue and operating income performance, as well as the impact of possible events in the first half of the fiscal year which had the potential to impact performance in the second half of the year. After taking these factors into consideration, and in order to allow for performance targets that more effectively incentivize and track Company performance, the Compensation Committee established separate performance targets for the first and second half of fiscal 2014. |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Aligning Pay for Performance - Our pay for performance programs continued to include both short and long-term incentives. In fiscal 2014, we continued our emphasis on performance-based compensation. On average, approximately 67% of total direct compensation paid to our Named Executive Officers in fiscal 2014 consisted of either equity awards for which the ultimate economic value to the officers depends on performance against a peer group and/or the future performance of our stock, or cash compensation tied to performance against specific revenue and operating income targets. |

|         |                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Performance-Based Cash Compensation.  Our executive officers experienced, on average, a 24% decrease in performance-based cash compensation under our executive incentive compensation plan as compared to 2013. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Performance-Based Equity Compensation.  In light of our focus on longer term incentives, the fiscal 2013 awards for the performance-based shares were based on performance over the fiscal 2013-fiscal 2014 period.  Similarly, the fiscal 2014 awards to our Chief Executive Officer were based on performance over the fiscal 2014-fiscal 2015 period. These grants provide executives an opportunity to receive up to 30% of the target grant in the first year if Emulex achieves median performance against the performance of our peer companies. As illustrated in the tables on pages 22-23 summarizing performance metrics against the percentage of total awards earned in 2014, our Chief Executive Officer earned only 71% of the target performance-based shares which were based solely on fiscal 2014 results and only 48% of the target performance-based equity shares which were based on fiscal 2013-fiscal 2014 results. |

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|         |                                                                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Aligning Compensation with Stock Price.  The compensation of our Chief Executive Officer is aligned with our stock performance as demonstrated by the fact that our Chief Executive Officer's total direct compensation in fiscal 2014 was 19% below the median of our peers. |

|                                                |
|------------------------------------------------|
|                                                |  |  |
| Topic                                          | What We Heard From Investors | Changes to Fiscal 2015 Compensation |
| Aligning executive pay and company performance | Executive compensation plans should be structured to align closely with the company performance and share price metrics most valued by investors | •   Increased CEO performance-based compensation•   Expanded performance-based equity to all NEOs•   Added stretch objective to Executive Incentive Compensation Plan (EICP) which provides target awards only for company performance above operating plan targets and an 85% award for performance at the operating plan targets•   All components of CEO pay targeted to peer group median |
| Optimizing performance timeframes              | Performance criteria need a longer term perspective | •   Added annual component to EICP and reduced quarterly payouts by 5%•   Eliminated 1st year opportunity from performance-based equity |
| Share ownership                                | Executives should be required to maintain a substantial ownership interest | •   Increased CEO equity ownership guideline from 1x to 3x base salary |
| Increased focus on ROI                         | Greater emphasis needed on profit generation | •   Changed EICP weighting from 45% revenue and 55% operating income to 40% revenue and 60% operating income |
| Structure of Executive Leadership Team         | Reduce the cost and hierarchy of the executive team structure | •   Eliminated the Executive Chairman position•   Added three new independent Directors to the board•   Three long tenured Directors did not stand for re-election •   The Former CEO did not stand for re-election as of February 2014•   Reduced the number of inside Directors on the Board by one |

|         |                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | No Merit-Based Changes to Base Salary - For 2015, we did not provide any merit-based changes to the base salaries of our executive officers. We did provide a market adjustment for the CEO, based on the median of our peers. |

|         |                                                                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revisions to EICP - For 2015, in order to better align shorter term cash compensation with annual performance, Emulex amended its EICP to provide for the following: |

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|                  |
|------------------|
|                  |  |  |  |  |
| Performance Goal | Threshold(Minimum) | AnnualOperating Plan | Stretch | Maximum |
| Achievement %    | 70.00% | 100.00% | 102.70% | 133.33% |
| Award - % Earned | 50.00% | 85.00% | 100.00% | 150.00% |

|         |                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Changes to our Performance-Based Equity Plan - For fiscal 2015 we made a number of changes to our performance-based equity plan to create stronger ties between pay levels and Company and stock performance. The table below summarizes the changes for fiscal 2015. |

|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |  |  |  |
| Plan Design Element                                                                             | Fiscal 2014 | Fiscal 2015 | Rationale |
| Percentage of equity based awards designated as performance-based shares for CEO                | 40% of total grant | 50% of total grant | Increased proportion of performance-based equity |
| Percentage of equity based awards designated as performance-based shares for CFO and Other NEOs | 0% of total grant | CFO - 30% of total grantOther NEOs - 10% of total grant | Increased participation in performance-based equity |
| Performance time-frame                                                                          | 2 years with 1st year opportunity | 2 years only | Lengthened performance period |
| Metrics and weighting for CEO                                                                   | Revenue - 40%Adjusted operating income growth - 40%TSR - 20% | Revenue - 34%Adjusted operating income growth - 33%TSR - 33% | Quarterly emphasis on TSR |
| Metrics and weighting for CFO and Other NEOs                                                    | N/A | Revenue - 40%Adjusted operating income growth - 40%TSR - 20% | Provide long-term incentives for NEOs based on critical company performance metrics |

|         |                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Changes in structure of equity awards to emphasize company and stock price performance - For fiscal 2015, we increased the performance-based portion of the equity awards. The breakout of time-based, stock options and performance-based shares for our NEOs is as follows: |

|        |
|--------|
|        |  |  |  |  |  |  |
|   |   | Time Based | Stock | Performance-Based |
|   |   | RSUs | CSUs | Options | PSUs | PCUs |
|   | Chief Executive Officer | 15% | 15% | 20% | 25% | 25% |
|   | Chief Financial Officer | 25% | 25% | 20% | 15% | 15% |
|   | Other NEOs | 35% | 35% | 20% | 10% | —% |
|   | RSUs - Restricted stock units; CSUs - cash-settled units; PSUs - performance-based shares; PCUs - performance-based cash units |
|   |

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| • | the award of performance-based shares to our Chief Executive Officer is tied directly to operational business results and total stockholder return for more than one year; |

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|---------|----------------------------------------------------------------------------------------------------------------|
| • | the ultimate benefit provided by our long term incentive plan is based purely on the performance of our stock; |

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| • | our executives are required to maintain an investment in our stock, which helps align their economic interests with those of our stockholders; |

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|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our cash incentive program is capped, which limits any disproportionate increases in payouts in order to minimize excessive risk taking by our executive officers; |

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| • | our performance metrics are defined and weighted so that achieving one metric at the cost of another does not result in a higher payout; |

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| • |  changes to our executive compensation programs are made after a collaborative process involving our finance, tax, legal and human resources employees and our compensation consultant, in order to ensure diversity of thought and overall consensus; |

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|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | we maintain the competitiveness of our compensation by comparing our compensation plans with those of peer companies and annually monitoring and evaluating our plans against trends and survey data; |

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|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | we have embraced an egalitarian philosophy related to perquisites and have worked over the past several years to eliminate benefits based on rank; and |

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|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | we believe that our core values provide the foundation for our continued success and serve as a basis for selection, development and rewards for our executive officers. |

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|                                                                                                                                                                                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                          |  |  |
| Compensation Element                                                                                                                                                                                                                                                                     | Objective | Key Features |
| Base Salary: the annual fixed (non-variable) pay rate                                                                                                                                                                                                                                    | To provide a minimum, fixed level of cash compensation for executive officers | Generally, base pay has been aligned to the 50th percentile of our peer group. Adjustments are considered annually based on individual performance, level of pay relative to the market and internal pay equity. |
| Cash Incentive Payments: annual and quarterly short-term cash incentive payments                                                                                                                                                                                               | To encourage and reward executive officers’ contributions toward individual goals and corporate-level financial and operational results | Quarterly and annual incentive cash payments under the EICP are based on a formula that includes revenue and operating income performance relative to operational goals, as well as an individual performance adjustment. |
| Total cash compensation: base salary plus cash incentive payments                                                                                                                                                                                                                        | To reflect fixed and short-term variable pay targeted to encourage performance and reflect market-based pay | Total cash compensation (base salary plus cash incentive) is evaluated against the 50th percentile of our compensation peer group’s total cash compensation for the executive team overall; the actual percentile will vary by individual and will be based on reviews of the individuals’ quarterly performance against specific objectives. |
| Time-Based Awards: long term incentives based on time-based vesting, includes restricted stock units (“RSUs”), cash-settled units (“CSUs”) and stock options                                                                                                     | To retain executive officers and align their interests with those of our stockholders | Targeted at a level that will provide total direct compensation (base salary, cash incentive payments and equity awards) approximating the 50th percentile of our compensation peer group’s total direct compensation. |
| Performance-Based Awards: performance-based shares (“PSUs”) and performance-based cash units (“PCUs”) which are awarded contingent on meeting the specified performance objectives and, if achieved, include time-based vesting with respect to the share award. | To retain executive officers and align their interests with those of our stockholders | Targeted at a level that will provide total direct compensation (base salary, cash incentive payments and equity awards) approximating the 50th percentile of our compensation peer group’s total direct compensation. |
| Total Direct Compensation: total cash compensation and time- and performance-based awards                                                                                                                                                                                                |   |   |

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| • | our performance; |

|         |                                                                |
|---------|----------------------------------------------------------------|
| • | aligning actual compensation with our compensation philosophy; |

|         |                     |
|---------|---------------------|
| • | budget constraints; |

|         |            |
|---------|------------|
| • | retention; |

|         |                      |
|---------|----------------------|
| • | internal pay equity; |

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|---------|-------------------------------------------------------------------------------|
| • | individual performance and contribution to the overall corporate performance; |

|         |                                                               |
|---------|---------------------------------------------------------------|
| • | our Chief Executive Officer’s recommendations; and |

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|         |                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------|
| • | Named Executive Officers compensation data for similarly-situated executives in our peer companies for whom we compete for executive talent. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | in the technology hardware and equipment sector, the semiconductor equipment sector or computer storage and peripherals sector; and |

|         |                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------|
| • | having revenues and market capitalization generally between one-third to four times that of Emulex. |

|                                      |
|--------------------------------------|
|                                      |  |
| Adtran, Inc.                         | Ixia |
| Aruba Networks, Inc.                 | Mellanox Technologies, Ltd. |
| Aviat Networks, Inc.                 | Micrel Incorporated |
| Brocade Communications Systems, Inc. | Microsemi Corporation |
| Digi International Inc.              | Newport Corporation |
| Dot Hill Systems Corporation         | PMC-Sierra, Inc. |
| Extreme Networks Inc.                | QLogic Corporation |
| Finisar Corporation                  | Quantum Corporation |
| Harmonic Inc.                        | Semtech Corporation |
| Infinera Corporation                 | Silicon Image, Inc. |
| Integrated Device Technology, Inc.   |   |

|                                      |
|--------------------------------------|
|                                      |  |
| Brocade Communications Systems, Inc. | Mellanox Technologies, Ltd. |
| Dot Hill Systems Corporation         | Newport Corporation |
| Extreme Networks Inc.                | PMC-Sierra, Inc. |
| Integrated Device Technology, Inc.   | QLogic Corporation |
| Ixia                                 | Quantum Corporation |

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| • | the executive’s performance compared to the goals and objectives established for the executive at the beginning of the year; |

|         |                                                                        |
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| • | the nature, scope and level of the executive’s responsibilities; |

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| • | the executive’s contribution to our financial results; and |

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|---------|------------------------------------------------------------------|
| • | the executive’s demonstration of job knowledge and skills. |

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|         |                                                |
|---------|------------------------------------------------|
| • | the role of the executive officer with Emulex; |

|         |                                     |
|---------|-------------------------------------|
| • | his or her level of responsibility; |

|         |                                            |
|---------|--------------------------------------------|
| • | individual performance for the prior year; |

|         |                           |
|---------|---------------------------|
| • | internal equity; and |

|         |                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------|
| • | base salaries paid to persons in similar positions at the peer companies where we compete for talent. |

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|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |
| Executive                                      | Base Salary ofFY’14 | Base Salary ofFY’13 | PercentageIncrease |
| Jeffrey W. Benck                               | $ | 510,000 |  | $ | 439,651 |  | 16% (1) |
| Kyle B. Wescoat                                | $ | 350,000 |  | $ | — |  | NM |
| Perry M. Mulligan                              | $ | 320,000 |  | $ | — |  | NM |
| Jeffery L. Hoogenboom                          | $ | 340,717 |  | $ | 334,037 |  | 2% |
| Margaret A. Evashenk                           | $ | 349,191 |  | $ | 342,334 |  | 2% |
| James M. McCluney (2)                          | $ | 402,365 |  | $ | 587,724 |  | NM |
| Michael J. Rockenbach (3)                      | $ | 217,310 |  | $ | 384,358 |  | NM |
| Average increase for Named Executive Officers: |   |  |   |  | 7% |

|                       |
|-----------------------|
|                       |  |  |
| Name                  | Title | Cash Incentive Target(% of Base Salary) |
| Jeffrey W. Benck      | Chief Executive Officer | 100% |
| Kyle B. Wescoat       | Chief Financial Officer | 60% |
| Perry M. Mulligan     | Senior Vice President, Operations | 50% |
| Jeffery L. Hoogenboom | Senior Vice President, Worldwide Sales | 70% |
| Margaret A. Evashenk  | Senior Vice President, Chief Development Officer | 55% |

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|                                  |
|----------------------------------|
|                                  |  |  |
| Metric                           | Weighting |
| Fiscal 2014                      | Fiscal 2015 |
| Revenue                          | 45% | 40% |
| Public Non-GAAP Operating Income | 55% | 60% |

|                    |
|--------------------|
|                    |  |  |  |  |  |
| Performance Period | Q1 | Q2 | Q3 | Q4 | Annual |
| Fiscal 2014        | 25% | 25% | 25% | 25% | —% |
| Fiscal 2015        | 20% | 20% | 20% | 20% | 20% |

|                |
|----------------|
|                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fiscal Quarter | Targeted Net Revenue | Actual Net Revenue | % of Target Achieved | Targeted Public Non-GAAP Operating Income | Actual Public Non-GAAP Operating Income | % of Target Achieved |
| Q1 FY'14       | $ | 113,996 |  | $ | 114,832 |  | 101% | $ | 11,636 |  | $ | 14,935 |  | 128% |
| Q2 FY'14       | $ | 129,901 |  | $ | 122,996 |  | 95% | $ | 20,472 |  | $ | 20,662 |  | 101% |
| Q3 FY'14       | $ | 119,772 |  | $ | 109,730 |  | 92% | $ | 16,960 |  | $ | 14,422 |  | 85% |
| Q4 FY'14       | $ | 125,435 |  | $ | 99,775 |  | 79% | $ | 20,173 |  | $ | 6,816 |  | 34% |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |
| Executive                 | 2014 TargetIncentive | 2014 ActualIncentive  Paid |
| Jeffrey W. Benck          | $ | 505,793 |  | $ | 314,183 |  |
| Kyle B. Wescoat (1)       | $ | 96,932 |  | $ | 19,068 |  |
| Perry M. Mulligan         | $ | 120,000 |  | $ | 91,575 |  |
| Jeffery L. Hoogenboom     | $ | 238,500 |  | $ | 154,956 |  |
| Margaret A. Evashenk      | $ | 192,056 |  | $ | 124,782 |  |
| James M. McCluney (2)     | $ | 293,056 |  | $ | 303,841 |  |
| Michael J. Rockenbach (3) | $ | 115,306 |  | $ | 121,547 |  |

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| • | 30% of the total number of shares vest on the first anniversary of the date of grant; |

|         |                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------|
| • | 30% of the total number of shares vest on the second anniversary of the date of grant; and |

|         |                                                                                      |
|---------|--------------------------------------------------------------------------------------|
| • | 40% of the total number of shares vest on the third anniversary of the date of grant |

|         |                                                                                       |
|---------|---------------------------------------------------------------------------------------|
| • | 30% of the total number of shares vest on the first anniversary of the date of grant; |

|         |                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------|
| • | 30% of the total number of shares vest on the second anniversary of the date of grant; and |

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|         |                                                                                      |
|---------|--------------------------------------------------------------------------------------|
| • | 40% of the total number of shares vest on the third anniversary of the date of grant |

|         |                 |
|---------|-----------------|
| • | Revenue growth; |

|         |                                            |
|---------|--------------------------------------------|
| • | Adjusted operating income growth; and |

|         |                           |
|---------|---------------------------|
| • | Total stockholder return. |

|                                               |
|-----------------------------------------------|
|                                               |  |  |
| Performance vs. Performance of Peer Companies | % of Target RSUs Earned Year 1 | % of Target RSUs Earned Year 2 & Year 3 |
| 75th Percentile and Above                     | 150% | 150% |
| 50th to 74th Percentile                       | 100% - 149% | 100% - 149% |
| 25th to 49th Percentile                       | —% | 50% - 99% |
| <25th Percentile                           | —% | —% |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |
| FY13-FY14 Performance Share Grant      |   |   |   |   |
| Performance Metric                     | Performance Metric Weighting | EmulexPerformancePercentile | % of Target AwardsEarned |   |
| Revenue Growth                         | 45 | % | 30 | % | 60 | % | (1)  |
| Adjusted Operating Income Growth       | 55 | % | 40 | % | 80 | % | (1)  |
| Cumulative Total Stockholder Return    | — | % | — | % | — | % | (3)  |
| Total % Awarded Based Upon Performance |   |   | 71 | % | (2)  |

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|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |
| FY14-15 Performance Share Grant        |   |   |   |   |
| Performance Metric                     | Performance Metric Weighting | EmulexPerformancePercentile | % of Target AwardsEarned |   |
| Revenue Growth                         | 40 | % | 20 | % | — | % | (1)  |
| Adjusted Operating Income Growth       | 40 | % | 60 | % | 120 | % | (1)  |
| Cumulative Total Stockholder Return    | 20 | % | 20 | % | — | % |   |
| Total % Awarded Based Upon Performance |   |   | 48 | % | (2)  |

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|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name and ParticipantPosition        |   | Year |   | Salary($) |   | Bonus($) |   | StockAwards($)(6) |   | OptionAwards($)(6) |   | Non-EquityIncentive PlanCompensation($)(7) |   | Change inPension Valueand Non-QualifiedDeferredCompensationEarnings($) |   | All OtherCompensation($) |   | Total($) |
| Jeffrey W. Benck (1)                |   | 2014 |   | 504,588 |  |   | — |  |   | 1,200,005 |  |   | 105,813 |  |   | 314,183 |  |   | N/A |   | 7,153 |  |   | 2,131,742 |  |
| President and                       |   | 2013 |   | 439,651 |  |   | — |  |   | 891,648 |  |   | 128,436 |  |   | 282,057 |  |   | N/A |   | 8,900 |  |   | 1,750,692 |  |
| Chief Executive Officer             |   | 2012 |   | 439,551 |  |   | — |  |   | 646,000 |  |   | — |  |   | 338,190 |  |   | N/A |   | 5,353 |  |   | 1,429,094 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Kyle B. Wescoat (2)                 |   | 2014 |   | 154,808 |  |   | — |  |   | 720,003 |  |   | 162,633 |  |   | 19,068 |  |   | N/A |   | 5,165 |  |   | 1,061,677 |  |
| Senior Vice President,              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Chief Financial Officer             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Perry M. Mulligan (3)               |   | 2014 |   | 291,692 |  |   | — |  |   | 559,998 |  |   | 43,379 |  |   | 91,575 |  |   | N/A |   | 5,543 |  |   | 992,187 |  |
| Senior Vice President,              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operations                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Jeffery L. Hoogenboom               |   | 2014 |   | 339,175 |  |   | — |  |   | 439,999 |  |   | 38,797 |  |   | 154,956 |  |   | N/A |   | 6,516 |  |   | 979,443 |  |
| Senior Vice President,              |   | 2013 |   | 334,037 |  |   | — |  |   | 479,880 |  |   | 110,087 |  |   | 187,512 |  |   | N/A |   | 5,900 |  |   | 1,117,416 |  |
| Worldwide Sales                     |   | 2012 |   | 333,936 |  |   | — |  |   | 374,680 |  |   | — |  |   | 225,203 |  |   | N/A |   | 5,353 |  |   | 939,172 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Margaret A. Evashenk                |   | 2014 |   | 347,611 |  |   | — |  |   | 360,002 |  |   | 31,743 |  |   | 124,782 |  |   | N/A |   | 7043 |  |   | 871,181 |  |
| Senior Vice President,              |   | 2013 |   | 342,334 |  |   | — |  |   | 418,734 |  |   | 91,740 |  |   | 150,993 |  |   | N/A |   | 6,350 |  |   | 1,010,151 |  |
| Chief Development Executive         |   | 2012 |   | 342,293 |  |   | — |  |   | 303,620 |  |   | — |  |   | 181,113 |  |   | N/A |   | 7,422 |  |   | 834,448 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| James M. McCluney (4)               |   | 2014 |   | 402,365 |  |   | — |  |   | 720,003 |  |   | 63,488 |  |   | 303,841 |  |   | N/A |   | 7,402 |  |   | 1,497,099 |  |
| Former Chief Executive Officer and  |   | 2013 |   | 587,724 |  |   | — |  |   | 1,495,368 |  |   | 122,320 |  |   | 446,509 |  |   | N/A |   | 12,386 (8) |  |   | 2,664,307 |  |
|  Executive Chairman            |   | 2012 |   | 587,155 |  |   | — |  |   | 1,162,800 |  |   | — |  |   | 534,960 |  |   | N/A |   | 6,889 |  |   | 2,291,804 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Michael J. Rockenbach (5)           |   | 2014 |   | 217,310 |  |   | — |  |   | — |  |   | — |  |   | 121,547 |  |   | N/A |   | 2,451 |  |   | 341,308 |  |
| Former Executive Vice President and |   | 2013 |   | 384,358 |  |   | — |  |   | 538,704 |  |   | 79,508 |  |   | 184,935 |  |   | N/A |   | 6,380 |  |   | 1,193,885 |  |
| Chief Financial Officer             |   | 2012 |   | 383,962 |  |   | — |  |   | 510,340 |  |   | — |  |   | 221,560 |  |   | N/A |   | 6,267 |  |   | 1,122,129 |  |

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Table of Contents

|     |                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------|
| (1) | Effective July 12, 2013, Mr. Benck was appointed Chief Executive Officer of Emulex, and retained his position as President. |

|     |                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------|
| (2) | Effective January 6, 2014, Mr. Wescoat was appointed Senior Vice President and Chief Financial Officer of Emulex. |

|     |                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------|
| (3) | Effective July 18, 2013, Mr. Mulligan was appointed Senior Vice President of Operations of Emulex. |

|     |                                                                                                                                                                                                                 |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Mr. McCluney resigned as Chief Executive Officer of Emulex and was appointed Executive Chairman of Emulex effective July 12, 2013. Mr. McCluney's service as Executive Chairman ended on February 6, 2014. |

|     |                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------|
| (5) | Mr. Rockenbach's service as an officer and employee of the Company ended effective January 3, 2014. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | The amounts in this column do not reflect amounts paid to or realized by the named individual for fiscal 2014, 2013 and 2012. Instead, these amounts reflect the aggregate grant date fair value of awards computed in accordance with FASB Accounting Standards Codification Topic No. 718. There is no guarantee that, if and when these stock awards are ultimately realized, they will have this or any other value. Pursuant to the SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. For additional information on the valuation assumptions with respect to stock option and award grants, refer to Note 13 of Emulex’s consolidated financial statements in Annual Report on Form 10-K for the year ended June 29, 2014, as filed with the SEC. These amounts reflect our accounting expense for these awards, excluding forfeitures, and do not correspond to the actual value that may be realized by the applicable officer. |

|     |                                                                                                                                                                                                                       |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | This column reflects performance-based cash incentive payments paid pursuant to Emulex’s Executive Incentive Plan and may include amounts earned in a given fiscal year but not paid until the subsequent year. |

|     |                                                                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8) | The amount shown is the estimated value of perquisites and other personal benefits received in fiscal 2013 including life insurance premiums, physical exam expense, and 401(k) matching contributions. |

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Table of Contents

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            |   | GrantDate |   | Estimated Future PayoutsUnder Non-Equity IncentivePlan Awards |   | Estimated Future PayoutsUnder Equity IncentivePlan Awards |   | All OtherStockAwards:Number ofShares ofStockor Units(#)(2) |   | All OtherOptionAwards:Number ofSecuritiesUnderlyingOptions(#) |   | Exerciseor BasePrice ofOptionAwards($/Sh) |   | GrantDate FairValue ofStock andOptionAwards($)(3) |
| Name                            |   |   | Threshold($) |   | Target($) |   | Maximum($)(1) |   | Threshold(#) |   | Target(#) |   | Maximum(#)(1) |   |
| Jeffrey W. Benck                |   | N/A |   | 159,326 |  |   | 505,793 |  |   | 758,690 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                            |   | 9/15/2013 |   | — |  |   | — |  |   | — |  |   | — |  |   | 77,620 |  |   | 116,430 |  |   | 77,620 |  |   | 38,810 |  |   | 7.73 |  |   | 1,305,818 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Kyle B. Wescoat                 |   | N/A |   | 30,534 |  |   | 96,932 |  |   | 145,398 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                            |   | 1/15/2014 |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 99,174 |  |   | 64,544 |  |   | 7.26 |  |   | 882,636 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Perry M. Mulligan               |   | N/A |   | 37,800 |  |   | 120,000 |  |   | 180,000 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                            |   | 8/15/2013 |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 73,976 |  |   | 18,494 |  |   | 7.57 |  |   | 609,378 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Jeffery L. Hoogenboom |   | N/A |   | 77,006 |  |   | 238,500 |  |   | 357,750 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                            |   | 9/15/2013 |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 56,921 |  |   | 14,230 |  |   | 7.73 |  |   | 478,796 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Margaret A. Evashenk  |   | N/A |   | 62,008 |  |   | 192,056 |  |   | 288,084 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                            |   | 9/15/2013 |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 46,572 |  |   | 11,643 |  |   | 7.73 |  |   | 391,745 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| James M. McCluney               |   | N/A |   | 101,925 |  |   | 293,056 |  |   | 439,584 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                            |   | 9/15/2013 |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 93,144 |  |   | 23,286 |  |   | 7.73 |  |   | 783,491 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Michael J. Rockenbach |   | N/A |   | 36,322 |  |   | 115,306 |  |   | 172,959 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |

|     |                                                                  |
|-----|------------------------------------------------------------------|
| (1) | The established maximum payment set by Emulex is 150% of target. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | This column shows the number of shares of restricted stock units granted in fiscal 2014 to the Named Executive Officers. Such restricted stock awards vest in installments over a three-year period. Unvested shares are subject to a right of repurchase at the original purchase price on behalf of Emulex in the event of the Named Executive Officer’s termination of service with Emulex. |

|     |                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Performance based stock awards and unvested restricted stock units are granted to the Named Executive Officers without an exercise price. The grant date fair value equals the closing price of Emulex’s common stock on the grant date. Stock options are granted with an exercise price per share equal to the closing price of Emulex’s common stock on the grant date.   |

----

Table of Contents

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name                  |   | Option Grant Date |   | # of Securities of Unexercised Options Exercisable |   | # of Securities of Unexercised Options Unexercisable |   | Option Exercise Price |   | Option Expiration Date |   | # of Shares of Restricted Stock Not Vested               (1) |   | Market Value of Shares of Restricted Stock Not Vested          (2) |
| Jeffrey W. Benck      |   | 9/2/2009 |  |   | 65,000 |  |   | — |  |   | $ | 9.82 |  |   | 9/1/2015 |   | — |  |   | $ | — |  |
|                  |   | 3/2/2010 |  |   | 35,000 |  |   | — |  |   | $ | 13.28 |  |   | 3/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2010 |  |   | 99,000 |  |   | — |  |   | $ | 9.95 |  |   | 9/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2011 |  |   | — |  |   | — |  |   | N/A |  |   | N/A |   | 40,000 |  |   | $ | 217,200 |  |
|                  |   | 9/15/2012 |  |   | 22,050 |  |   | 19,950 |  |   | $ | 7.74 |  |   | 9/14/2018 |   | 80,638 |  |   | $ | 437,864 |  |
|                  |   | 9/15/2013 |  |   | — |  |   | 38,810 |  |   | $ | 7.73 |  |   | 9/14/2019 |   | 155,240 |  |   | 842,953 |  |
|                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Kyle B. Wescoat       |   | 1/15/2014 |  |   | — |  |   | 64,544 |  |   | $ | 7.26 |  |   | 1/14/2020 |   | 99,174 |  |   | 538,515 |  |
|                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Perry M. Mulligan     |   | 8/15/2013 |  |   | — |  |   | 18,494 |  |   | $ | 7.57 |  |   | 8/14/2019 |   | 73,976 |  |   | 401,690 |  |
|                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Jeffery L. Hoogenboom |   | 9/2/2009 |  |   | 20,000 |  |   | — |  |   | $ | 9.82 |  |   | 9/1/2015 |   | — |  |   | $ | — |  |
|                  |   | 3/2/2010 |  |   | 20,000 |  |   | — |  |   | $ | 13.28 |  |   | 3/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2010 |  |   | 55,000 |  |   | — |  |   | $ | 9.95 |  |   | 9/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2011 |  |   | — |  |   | — |  |   | N/A |  |   | N/A |   | 23,200 |  |   | $ | 125,976 |  |
|                  |   | 9/15/2012 |  |   | 18,900 |  |   | 17,100 |  |   | $ | 7.74 |  |   | 9/14/2018 |   | 43,400 |  |   | $ | 235,662 |  |
|                  |   | 9/15/2013 |  |   | — |  |   | 14,230 |  |   | $ | 7.73 |  |   | 9/14/2019 |   | 56,921 |  |   | 309,081 |  |
|                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Margaret A. Evashenk  |   | 12/2/2009 |  |   | 10,500 |  |   | — |  |   | $ | 9.52 |  |   | 12/1/2015 |   | — |  |   | $ | — |  |
|                  |   | 3/2/2010 |  |   | 8,000 |  |   | — |  |   | $ | 13.28 |  |   | 3/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2010 |  |   | 27,000 |  |   | — |  |   | $ | 9.95 |  |   | 9/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2011 |  |   | — |  |   | — |  |   | N/A |  |   | N/A |   | 18,800 |  |   | $ | 102,084 |  |
|                  |   | 9/15/2012 |  |   | 15,750 |  |   | 14,250 |  |   | $ | 7.74 |  |   | 9/14/2018 |   | 37,870 |  |   | $ | 205,634 |  |
|                  |   | 9/15/2013 |  |   | — |  |   | 11,643 |  |   | $ | 7.73 |  |   | 9/14/2019 |   | 46,572 |  |   | $ | 252,886 |  |
|                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| James M. McCluney     |   | — |  |   | — |  |   | — |  |   | N/A |  |   | N/A |   | — |  |   | $ | — |  |
|                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Michael J. Rockenbach |   | 8/19/2004 |  |   | 75,000 |  |   | — |  |   | $ | 10.01 |  |   | 8/18/2014 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2009 |  |   | 40,000 |  |   | — |  |   | $ | 9.82 |  |   | 9/1/2015 |   | — |  |   | $ | — |  |
|                  |   | 7/2/2010 |  |   | 35,000 |  |   | — |  |   | $ | 9.17 |  |   | 7/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2010 |  |   | 75,000 |  |   | — |  |   | $ | 9.95 |  |   | 9/1/2016 |   | — |  |   | $ | — |  |
|                  |   | 9/2/2011 |  |   | — |  |   | — |  |   | N/A |  |   | N/A |   | 31,600 |  |   | $ | 171,588 |  |
|                  |   | 9/15/2012 |  |   | 13,650 |  |   | 12,350 |  |   | $ | 7.74 |  |   | 9/14/2018 |   | 48,720 |  |   | $ | 264,550 |  |

|     |                                                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Assuming continued employment with Emulex, 30%, 30% and 40% of the unvested shares will vest on the first, second and third year anniversaries of the grant date, respectively. Includes awards of both shares of restricted stock and restricted stock units. |

|     |                                                                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Market value of the unvested stock is computed by multiplying the fiscal 2014 year-end closing market price of $5.43 by the number of shares held.   |

----

Table of Contents

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |
|                  |   | Option Awards |   | Stock Awards |
| Name                  |   | Number ofSharesAcquired onExercise(#) |   | ValueRealized onExercise($) |   | Number ofSharesAcquired onVesting (#) |   | ValueRealized onVesting ($) |
| Jeffrey W. Benck      |   | — |   | — |   | 89,842 |  |   | 662,838 |  |
| Kyle B. Wescoat       |   | — |   | — |   | — |  |   | — |  |
| Perry M. Mulligan     |   | — |   | — |   | — |  |   | — |  |
| Jeffery L. Hoogenboom |   | — |   | — |   | 47,600 |  |   | 352,578 |  |
| Margaret A. Evashenk  |   | — |   | — |   | 40,330 |  |   | 291,418 |  |
| James M. McCluney     |   | — |   | — |   | 331,461 |  |   | 2,452,725 |  |
| Michael J. Rockenbach |   | — |   | — |   | 67,423 |  |   | 490,756 |  |

|         |                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | a lump sum cash severance payment equal to twenty-four months of his base pay, inclusive of his target incentive payment level with respect to the fiscal year prior to their termination date; |

|         |                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | a lump sum cash payment equal to twenty-four months COBRA coverage (health, dental and vision benefits) for Mr. Benck and his spouse and dependents; and |

|         |                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | full vesting and acceleration of their stock options and other stock awards and the right to exercise stock options for a period of twelve months following their termination date. |

|         |                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | a lump sum cash severance payment equal to twelve months of base pay, inclusive of their target incentive payment level with respect to the fiscal year prior to their termination date; |

|         |                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | a lump sum cash payment equal to the costs of continuation of their health insurance premiums for twelve months following the termination of their employment; and |

|         |                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | full vesting and acceleration of their stock options and other stock awards and the right to exercise stock options for a period of twelve months following their termination date. |

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Table of Contents

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name                      |   | BaseSalary($)(1) |   | Bonus($)(2) |   | Acceleration ofVesting ofRestrictedStock Awards($)(3) |   | Acceleration ofVesting ofOptions($) |   | Benefits($)(4) |   | Total($) |
| Jeffrey W. Benck          |   | 1,020,000 |  |   | 1,020,000 |  |   | 1,498,018 |  |   | — |  |   | 50,268 |  |   | 3,588,286 |  |
| Kyle B. Wescoat           |   | 350,000 |  |   | 210,000 |  |   | 538,515 |  |   | — |  |   | 36,429 |  |   | 1,134,944 |  |
| Perry M. Mulligan         |   | 320,000 |  |   | 160,000 |  |   | 401,690 |  |   | — |  |   | 29,965 |  |   | 911,655 |  |
| Jeffery L. Hoogenboom     |   | 340,717 |  |   | 238,502 |  |   | 670,719 |  |   | — |  |   | 36,429 |  |   | 1,286,367 |  |
| Margaret A. Evashenk      |   | 349,191 |  |   | 192,055 |  |   | 560,604 |  |   | — |  |   | 30,399 |  |   | 1,132,249 |  |
| James M. McCluney (5)     |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Michael J. Rockenbach (5) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |

|     |                                                                                                                                                                                              |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Base salary is based on the annual salary as of June 29, 2014 over the severance period (twenty-four months for Mr. Benck, twelve months for the other executive officers).   |

|     |                                                                                          |
|-----|------------------------------------------------------------------------------------------|
| (2) | Bonus is based on the target bonus level for fiscal 2014 as a percentage of base salary. |

|     |                                                                                                                                                                                                                             |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Calculated as the closing market price on June 29, 2014, multiplied by the number of shares of restricted stock awards subject to accelerated vesting if the termination of employment occurred on June 29, 2014. |

|     |                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|
| (4) | Benefits include medical or health premiums for the severance period and $15,000 each for reimbursement of outplacement services. |

|     |                                                                                                                                                 |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Mr. McCluney's employment with the Company ended on February 6, 2014 and Mr. Rockenbach's employment with the Company ended on January 3, 2014. |

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Table of Contents

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name (1)              |   | FeesEarned orPaid inCash($) |   | StockAwards($) (2)(3) |   | OptionAwards($) (2)(4) |   | Non-EquityIncentive PlanCompensation($) |   | Changes inPension Valueand Non-qualifiedDeferredCompensationEarnings($) |   | All OtherCompensation($) |   | Total($) |
| Gregory S. Clark (5)  |   | 58,500 |  |   | 83,600 |  |   | — |   | N/A |   | N/A |   | — |   | 142,100 |  |
| Gary J. Daichendt (6) |   | 31,500 |  |   | 200,000 |  |   | — |   | N/A |   | N/A |   | — |   | 231,500 |  |
| Bruce C. Edwards      |   | 90,000 |  |   | 100,000 |  |   | — |   | N/A |   | N/A |   | — |   | 190,000 |  |
| Paul F. Folino        |   | 71,813 |  |   | 100,000 |  |   | — |   | N/A |   | N/A |   | — |   | 171,813 |  |
| Eugene J. Frantz (5)  |   | 70,500 |  |   | 83,600 |  |   | — |   | N/A |   | N/A |   | — |   | 154,100 |  |
| Beatriz V. Infante    |   | 74,500 |  |   | 100,000 |  |   | — |   | N/A |   | N/A |   | — |   | 174,500 |  |
| John A. Kelley (6)    |   | 31,500 |  |   | 200,000 |  |   | — |   | N/A |   | N/A |   | — |   | 231,500 |  |
| Rahul N. Merchant (6) |   | 31,500 |  |   | 200,000 |  |   | — |   | N/A |   | N/A |   | — |   | 231,500 |  |
| Nersi Nazari          |   | 61,500 |  |   | 100,000 |  |   | — |   | N/A |   | N/A |   | — |   | 161,500 |  |
| Dean A. Yoost         |   | 79,500 |  |   | 100,000 |  |   | — |   | N/A |   | N/A |   | — |   | 179,500 |  |

|     |                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Any Director who is also an employee does not receive any additional compensation for serving on our Board of Directors. The compensation of Jeffrey W. Benck is reflected in the Summary Compensation Table. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The amounts in this column do not reflect amounts paid to or realized by the named individual for fiscal 2014. Instead, these amounts reflect the aggregate grant date fair value of awards computed in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic No. 718, Compensation-Stock Compensation. Pursuant to SEC rules, the amounts shown exclude the impact of estimated forfeitures. For additional information on the valuation assumptions with respect to stock option and award grants, refer to Note 13 of Emulex’s consolidated financial statements in Annual Report on Form 10-K for the year ended June 29, 2014, as filed with the SEC. These amounts reflect our accounting value for these awards, excluding forfeitures, and do not correspond to the actual value that may be realized by the director. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The aggregate number of unvested restricted stock awards at the end of fiscal 2014 are: Mr. Clark- 5,664 shares; Mr. Daichendt - 13,550 shares; Mr. Edwards - 6,775 shares; Mr. Folino - 6,775 shares; Mr. Frantz - 5,664 shares; Ms. Infante - 6,775 shares; Mr. Kelley - 13,550 shares; Mr. Merchant - 13,550 shares; Mr. Nazari - 6,775 shares and Mr. Yoost - 6,775 shares. |

|     |                                                                                      |
|-----|--------------------------------------------------------------------------------------|
| (4) | There were no stock options outstanding at the end of fiscal 2014 for each Director. |

|     |                                                                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Messrs. Clark and Frantz received a pro-rata reduction in the annual restricted stock award computed based on the time between April 15, 2013, the date of their initial restricted stock awards, and February 14, 2014. |

|     |                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------|
| (6) | Each of Messrs. Daichendt, Kelley and Merchant service as a Director commenced in February 2014. |

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|                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                 |   | Q1 FY'14 |   | Q2 FY'14 |   | Q3 FY'14 |   | Q4 FY'14 |   | Total FY'14 |
| GAAP operating loss in fiscal 2014 based on quarterly and annual results included in Forms 10-Q and 10-K                        |   | $ | (3,252 | ) |   | $ | (1,589 | ) |   | $ | (5,817 | ) |   | $ | (9,501 | ) |   | $ | (20,159 | ) |
| Items excluded from GAAP operating loss to calculate non-GAAP operating income used for performance-based equity awards:             |   |   |  |   |   |  |   |   |  |   |   |  |   |   |
| Stock-based compensation                                                                                                             |   | 4,572 |  |   | 3,744 |  |   | 3,910 |  |   | 3,031 |  |   | 15,257 |  |
| Amortization of intangibles                                                                                                          |   | 7,764 |  |   | 7,842 |  |   | 7,824 |  |   | 7,861 |  |   | 31,291 |  |
| Site closure and other restructuring costs                                                                                           |   | — |  |   | 7,370 |  |   | 882 |  |   | 2,186 |  |   | 10,438 |  |
| Expenses related to Broadcom patents                                                                                                 |   | 4,016 |  |   | 3,288 |  |   | 7,082 |  |   | 2,498 |  |   | 16,884 |  |
| Non-GAAP operating income used for performance-based equity awards                                                                   |   | $ | 13,100 |  |   | $ | 20,655 |  |   | $ | 13,881 |  |   | $ | 6,075 |  |   | $ | 53,711 |  |
| Item excluded from GAAP operating loss to calculate public non-GAAP operating income included in press released filed with Form 8-K: |   |   |  |   |   |  |   |   |  |   |   |  |   |   |
| Expenses related to the acquisition of Endace                                                                                        |   | 373 |  |   | — |  |   | (31 | ) |   | (39 | ) |   | 303 |  |
| Expenses related to class action lawsuit                                                                                             |   | — |  |   | — |  |   | — |  |   | 18 |  |   | 18 |  |
| IRS NOPA                                                                                                                             |   | — |  |   | — |  |   | 172 |  |   | 762 |  |   | 934 |  |
| Public non-GAAP operating income in press release filed with Form 8-K                                                                |   | $ | 13,473 |  |   | $ | 20,655 |  |   | $ | 14,022 |  |   | $ | 6,816 |  |   | $ | 54,966 |  |
| Additional adjustment to Public non-GAAP operating income (loss) in press release to calculate fiscal 2014 cash incentive payments:  |   |   |   |   |   |   |   |   |   |   |
| Difference between accrued bonus and actual bonus payout                                                                             |   | 1,462 |  |   | 7 |  |   | 400 |  |   | — |  |   | 1,869 |  |
| Public non-GAAP operating income used for fiscal 2014 cash incentive payments:                                                       |   | $ | 14,935 |  |   | $ | 20,662 |  |   | $ | 14,422 |  |   | $ | 6,816 |  |   | $ | 56,835 |  |

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|               |                                                                      |
|---------------|----------------------------------------------------------------------|
| Item 12. | Security Ownership of Certain Beneficial Owners and Management.  |

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |  |  |
| Plan Category                                                  |   | Number of Securitiesto be Issued UponExercise ofOutstanding Options,Warrants and Rights |   | Weighted-AverageExercise Price ofOutstanding Options,Warrants and Rights |   | Number of  SecuritiesRemaining Availablefor Future IssuanceUnder EquityCompensation Plans(Excluding SecuritiesRelated in Column (a)) |   |
|                                                           |   | (a) |   | (b) |   | (c) |   |
| Equity compensations plans approved by security holders(1)     |   | 6,501,090 |  |   | $ | 4.01 |  |   | 8,520,800 |  | (4) |
| Employee stock purchase plan approved by security holders(2)   |   | — |  |   | — |  |   | 3,648,423 |  |   |
| Equity compensations plans not approved by security holders(3) |   | 146,979 |  |   | $ | 5.32 |  |   | 56,176 |  |   |
| Total                                                          |   | 6,648,069 |  |   | $ | 4.04 |  |   | 12,225,399 |  |   |

|     |                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Consists of the Emulex Corporation Employee Stock Option Plan, the Emulex Corporation 2005 Equity Incentive Plan, the Emulex Corporation 2004 Employee Stock Incentive Plan, and the Emulex Corporation Stock Award Plan for Non-Employee Directors. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The Emulex Employee Stock Purchase Plan enables employees to purchase our common stock at a 15% discount to the lower of market value at the beginning or end of each six month offering period. As such, the number of shares that may be issued during a given six month period and the purchase price of such shares cannot be determined in advance. See Note 13, “Stock-based Compensation,” in the notes to consolidated financial statements included in Part IV, Item 15(a) of  the fiscal 2014 Annual Report on Form 10-K. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Consists of the ServerEngines Corporation (ServerEngines) Amended and Restated 2008 Stock Option Plan, Sierra Logic, Inc. (Sierra Logic) 2001 Stock Option Plan, Aarohi Communications Inc. (Aarohi) 2001 Stock Option Plan. Options issued under these plans were converted into options to purchase Emulex Corporation common stock as a result of the acquisitions of ServerEngines, Sierra Logic, and Aarohi. |

|     |                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------|
| (4) | Includes net unvested stock granted of 3,599,134 shares that are not deemed issued for accounting purposes until vested. |

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Table of Contents

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |
| Name of Beneficial Owner (10)                                |   | Amount and Nature of Beneficial Ownership (1) |   |   | Percent of Class (2) |
| Gregory S. Clark                                             |   | 43,074 |  |   |   | * |
| Gary J. Daichendt                                            |   | 227,100 |  |   |   | * |
| Bruce C. Edwards                                             |   | 146,360 |  | (3) |   | * |
| Paul F. Folino                                               |   | 205,282 |  | (4) |   | * |
| Eugene J. Frantz                                             |   | 43,074 |  |   |   | * |
| Beatriz V. Infante                                           |   | 49,265 |  |   |   | * |
| John A. Kelley                                               |   | 27,100 |  |   |   | * |
| Rahul N. Merchant                                            |   | 27,100 |  |   |   | * |
| Nersi Nazari                                                 |   | 61,684 |  |   |   | * |
| Dean A. Yoost                                                |   | 179,763 |  | (5) |   | * |
| Jeffrey W. Benck                                             |   | 470,315 |  | (6) |   | * |
| Kyle B. Wescoat                                              |   | 20,000 |  |   |   | * |
| Perry M. Mulligan                                            |   | 6,935 |  | (7) |   | * |
| Jeffery L. Hoogenboom                                        |   | 242,922 |  | (8) |   | * |
| Margaret A. Evashenk                                         |   | 139,931 |  | (9) |   | * |
| All Directors and executive officers as a group (15 persons) |   | 1,889,905 |  |   |   | 2.6% |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | This column lists voting securities. Except as otherwise indicated and subject to applicable community property and similar laws, we assume that each named owner has the sole voting and investment power with respect to their shares (other than shares subject to options). Amount of shares beneficially owned includes shares which are subject to options that are currently, or within 60 days following October 17, 2014 will be, exercisable, as well as unvested restricted stock or restricted stock units which will vest within 60 days following October 17, 2014. |

|     |                                                                                                                                                                                                                                                                                                                                                            |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Percent of class is based on the number of shares outstanding on October 17, 2014 (71,278,708 shares) plus, with respect to each named person, the number of shares of common stock, if any, which the stockholder has the right to acquire within 60 days of such date. Ownership of less than one percent is indicated by an asterisk. |

|     |                                                                                                                                                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Consists of (i) 103,260 shares held by Mr. Edwards; (ii) 4,000 shares held in a family trust of which Mr. Edwards and his wife are co-trustees and share voting and investment power; and (iii) 40,000 shares which are subject to options held by Mr. Edwards, which are currently, or within 60 days following October 17, 2014 will be, vested. |

|     |                                                                                                                                                                                                                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Consists of (i) 50,282 shares held by a trust of which Mr. Folino is the sole trustee and has sole voting and investment power; and (ii) 155,000 shares which are subject to options held by Mr. Folino which are currently, or within 60 days following October 17, 2014 will be, exercisable. |

|     |                                                                                                                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Consists of (i) 99,763 shares held by a living trust of which Mr. Yoost and his wife are co-trustees and share voting and investment power; and (ii) 80,000 shares which are subject to options held by Mr. Yoost which are currently, or within 60 days following October 17, 2014 will be, exercisable. |

|     |                                                                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Consists of (i) 227,361shares held by Mr. Benck; and (ii) 242,954 shares which are subject to options held by Mr. Benck which are currently, or within 60 days following October 17, 2014 will be, exercisable. |

|     |                                                                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Represents shares which are subject to options held by Mr. Mulligan which are currently, or within 60 days following October 17, 2014 will be, exercisable. |

|     |                                                                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8) | Consists of (i) 117,386 shares held by Mr. Hoogenboom; and (ii) 125,536 shares which are subject to options held by Mr. Hoogenboom which are currently, or within 60 days following October 17, 2014 will be, exercisable. |

|     |                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | Consists of (i) 69,065 shares held by Ms. Evashenk; and (ii) 70,866 shares which are subject to options held by Ms. Evashenk which are currently, or within 60 days following October 17, 2014 will be, exercisable. |

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|                                                                                                                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                   |  |  |  |  |  |  |  |
| Name of Beneficial Owner                                                                                                                                                                                          |   | Amount and Nature of Beneficial Ownership (1) |   |   | Percent of Class (2) |
| Setanta Asset Management LTD                                                                                                                                                                                      |   | 7,168,059 |  | (2) |   | 10.1 | % |
|          Beresford Court         Beresford Place         Dublin 1, Ireland |   |   |   |   |   |
| BlackRock, Inc.                                                                                                                                                                                                   |   | 5,672,571 |  | (3) |   | 8.0 | % |
| 55 East 52nd StreetNew York, NY 10055                                                                                                                                                                             |   |   |   |   |   |
| Dimensional Fund Advisors LP                                                                                                                                                                                      |   | 5,281,664 |  | (4) |   | 7.4 | % |
| Palisades West, Building One6300 Bee Cave RoadAustin, TX 78746                                                                                                                                                    |   |   |   |   |   |
| Elliott Associates, L.P.                                                                                                                                                                                          |   | 5,040,000 |  | (5) |   | 7.1 | % |
| 40 West 57th StreetNew York, NY 10019                                                                                                                                                                             |   |   |   |   |   |
| The Vanguard Group                                                                                                                                                                                                |   | 4,742,985 |  | (6) |   | 6.7 | % |
| 100 Vanguard BoulevardMalvern, PA 19355                                                                                                                                                                           |   |   |  |   |   |   |

|     |                                                                                                                                                                                                                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Percent of class is based on the number of shares outstanding on October 17, 2014 (71,278,708 shares) plus, with respect to each named person, the number of shares of common stock, if any, which the stockholder has the right to acquire within 60 days of such date. |

|     |                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Based on its Form 13-G filed on October 9, 2014, we believe that Setanta Asset Management Ltd beneficially owned the number of shares indicated as of September 19, 2014. |

|     |                                                                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Based on its Form 13-F filed on August 6, 2014, we believe that BlackRock, Inc. and its affiliates beneficially owned the number of shares indicated as of June 30, 2014. |

|     |                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Based on its Form 13-F filed on August 8, 2014, we believe that Dimensional Fund Advisors LP beneficially owned the number of shares indicated as of June 30, 2014. |

|     |                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Based on its Form 13-D filed on May 9, 2014, we believe that Elliott Associates, L.P. and its affiliates beneficially owned the number of shares indicated as of May 9, 2014. |

|          |                                                                                 |
|----------|---------------------------------------------------------------------------------|
| Item 13. | Certain Relationships and Related Transactions, and Director Independence.  |

|          |                                              |
|----------|----------------------------------------------|
| Item 14. | Principal Accountant Fees and Services.  |

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|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |
|               | Fiscal 2013 |   | Fiscal 2014 |
| Audit Fees         | $ | 1,692,450 |  |   | $ | 2,112,687 |  |
| Audit-Related Fees | — |  |   | — |  |
| Tax Fees           | 353,513 |  |   | 476,816 |  |
| All Other Fees     | 135,632 |  |   | 86,484 |  |
| Total              | $ | 2,181,595 |  |   | $ | 2,675,987 |  |

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Table of Contents

|          |                                                  |
|----------|--------------------------------------------------|
| Item 15. | Exhibits and Financial Statement Schedules.  |

|                  |
|------------------|
|                  |  |  |
| Exhibit No. |   | Description of Exhibit |
|   31A  |   | Certification of the Principal Executive Officer Pursuant to 17 CFR 240.13a-14(a), as Adopted Pursuant to §302 of the Sarbanes-Oxley Act of 2002. |
|   31B  |   | Certification of the Principal Financial Officer Pursuant to 17 CFR 240.13a-14(a), as Adopted Pursuant to §302 of the Sarbanes-Oxley Act of 2002. |
|   32   |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to §906 of the Sarbanes-Oxley Act of 2002. |

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|        |
|--------|
|        |  |
| By:    | /s/    JEFFREY W. BENCK |
|   | Jeffrey W. BenckPresident and Chief Executive Officer |

----

Table of Contents

|                   |
|-------------------|
|                   |  |  |
| Exhibit No.  |   | Description of Exhibit |
|   31A * |   | Certification of the Principal Executive Officer Pursuant to 17 CFR 240.13a-14(a), as Adopted Pursuant to §302 of the Sarbanes-Oxley Act of 2002. |
|   31B * |   | Certification of the Principal Financial Officer Pursuant to 17 CFR 240.13a-14(a), as Adopted Pursuant to §302 of the Sarbanes-Oxley Act of 2002. |
|   32 *  |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to §906 of the Sarbanes-Oxley Act of 2002. |

|   |                 |
|---|-----------------|
| * | Filed herewith. |