SEC Form 4 · accession 0001086222-15-000015
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Sagan
Director
Period of report
Jan 20, 2015
Accepted (ET)
Jan 21, 2015 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001086222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per share | Jan 20, 2015 | M | 19,878 | $0.00 | A | 19,878 | D | |
| Common Stock, par value $.01 per share | Jan 20, 2015 | M | 14,456 | $0.00 | A | 34,334 | D | |
| Common Stock, par value $.01 per shareF1 | holding | — | — | — | 520,558 | I | See note | |
| Common Stock, par value $.01 per shareF2 | holding | — | — | — | 6 | I | See note |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F5 | $0.00 | Jan 20, 2015 | M | 42,157 | D | — | — | Common Stock | 42,157 | 0 | D |
| Restricted Stock UnitsF3,F6,F5 | $0.00 | Jan 20, 2015 | M | 35,689 | D | — | — | Common Stock | 35,689 | 0 | D |
Explanation of responses
- F1Held by the Paul Sagan Revocable Trust. Mr. Sagan disclaims beneficial ownership of shares held by the Paul Sagan Revocable Trust except to the extent of his pecuniary interest therein.
- F2Held in trust on behalf of Mr. Sagan's children.
- F3Each Restricted Stock Unit ("RSU") represents the right to receive one share of common stock upon vesting.
- F4Vesting of such RSUs was dependent on Akamai's achivement of a specified normalized earnings per share target for fiscal year 2012 and certain designated mission critical goals. To the extent such targets were met, the RSUs vest in two equal 50% installments on the second and third anniversaries of the grant date.
- F5Not applicable.
- F6RSUs vest in three 33% annual installments on the first, second and third anniversaries of the date of grant.