SEC Form 4 · accession 0001209191-17-047446
F5, INC. · FFIV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Gibson
Officer — EVP, Chief Marketing Officer
Period of report
Aug 1, 2017
Accepted (ET)
Aug 3, 2017 · 5:22 pm EDT
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 | Aug 1, 2017 | M | 7,073 | $0.00 | A | 7,073 | D | |
| Common StockF2 | Aug 2, 2017 | S | 2,996 | $120.0679 | D | 4,077 | 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 UnitF3,F4,F5 | $0.00 | Aug 1, 2017 | M | 7,073 | D | — | — | Common Stock | 7,073 | 21,222 | D |
Explanation of responses
- F1Shares acquired upon vesting of the August 1, 2016 award of service-based Restricted Stock Units.
- F2This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $119.5458 to $120.07. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of F5 Networks, Inc. Common Stock on the vest date.
- F4Twenty five percent (25%) of this August 1, 2016 award of service-based Restricted Stock Units vests on August 1, 2017 and the remaining seventy five percent (75%) vests in twelve equal quarterly increments beginning November 1,2017.
- F5If the reporting person continues to serve as an officer of the Company on the vest date, the corresponding number of shares of Common Stock of F5 Networks, Inc. will be issued to the reporting person on the vest date.