SEC Form 4 · accession 0001209191-16-094901
F5, INC. · FFIV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John McAdam
Officer — President and CEO · Director
Period of report
Feb 1, 2016
Accepted (ET)
Feb 2, 2016 · 6:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001048695
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 1, 2016 | M | 7,168 | $0.00 | A | 46,574 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4,F5 | $0.00 | Feb 1, 2016 | A | 15,956 | A | — | — | Common Stock | 15,956 | 15,956 | D |
| Restricted Stock UnitsF2,F6,F5 | $0.00 | Feb 1, 2016 | M | 2,579 | D | — | — | Common Stock | 2,579 | 7,739 | D |
| Restricted Stock UnitsF2,F7,F5 | $0.00 | Feb 1, 2016 | M | 2,683 | D | — | — | Common Stock | 2,683 | 18,787 | D |
| Restricted Stock UnitsF2,F8,F5 | $0.00 | Feb 1, 2016 | M | 1,906 | D | — | — | Common Stock | 1,906 | 20,964 | D |
Explanation of responses
- F1Shares acquired upon vesting of the November 1, 2012, November 1, 2013, and November 3, 2014 awards of service-based Restricted Stock Units.
- F2Each Restricted Stock Unit represents a contingent right to receive one share of F5 Networks, Inc. Common Stock on the vest date.
- F3Concurrent with this award of service-based Restricted Stock Units, the Company granted the reporting person additional Restricted Stock Units that vest based on performance targets ("Performance RSUs"). If the performance targets are achieved at 100%, the reporting person will receive 23,934 Performance RSUs over the one-year vesting period; the actual number of Performance RSUs received may be more or less depending on whether and to the extent that performance is greater than or less than targets. Performance RSUs are not reported in Table II; the underlying shares of Performance RSUs will be reported in Table I if and when the Compensation Committee of the Board of Directors determines that the performance targets have been achieved.
- F4This February 1, 2016 award of service-based Restricted Stock Units vests in four equal quarterly increments beginning May 1, 2016.
- F5The corresponding number of shares of Common Stock of F5 Networks, Inc. will be issued to the reporting person on the vest date.
- F6The November 1, 2012 award of service-based Restricted Stock Units vests in sixteen equal quarterly increments beginning February 1, 2013.
- F7The November 1, 2013 award of service-based Restricted Stock Units vests in sixteen equal quarterly increments beginning February 1, 2014.
- F8The November 3, 2014 award of service-based Restricted Stock Units vests in sixteen equal quarterly increments beginning February 1, 2015.