SEC Form 4 · accession 0001086222-15-000056
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rick M McConnell
Officer — President Prods & Development
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 4:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001086222
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | $0.00 | Feb 12, 2015 | A | 19,233 | A | — | — | Common Stock | 19,233 | 19,233 | D |
| Restricted Stock UnitsF1,F4,F3 | $0.00 | Feb 12, 2015 | A | 57,700 | A | — | — | Common Stock | 57,700 | 57,700 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
- F2RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
- F3Not applicable.
- F4Vesting of such RSUs is dependent on Akamai's achievement of a specified revenue and operating free cash flow targets for fiscal years 2015 and 2016. To the extent such target is met, the RSUs will vest in two equal 50% installments on each of February 12, 2017 and 2018. Amount reported is maximum issuable.