SEC Form 4 · accession 0001086222-16-000215
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Benson
Officer — Chief Financial Officer
Period of report
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 4:04 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 | Feb 8, 2016 | M | 3,051 | $0.00 | A | 40,426 | D | |
| Common Stock, par value $.01 per share | Feb 8, 2016 | M | 3,114 | $0.00 | A | 43,540 | D | |
| Common Stock, par value $.01 per share | Feb 8, 2016 | M | 9,107 | $0.00 | A | 52,647 | 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 UnitsF1,F2,F3 | $0.00 | Feb 8, 2016 | M | 4,518 | D | — | — | Common Stock | 4,518 | 0 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Feb 8, 2016 | M | 4,708 | D | — | — | Common Stock | 4,708 | 4,709 | D |
| Restricted Stock UnitsF1,F5,F3 | $0.00 | Feb 8, 2016 | M | 13,483 | D | — | — | Common Stock | 13,483 | 0 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F2Vests in equal 1/3 installments on the first, second and third years of the date of grant.
- F3Not applicable.
- F4Each RSU represents the right to receive one share of common stock upon vesting. RSUs vest as follows: 1/3 on each of the first, second and third anniversaries of the grant date.
- F5Each RSU represents the right to recieve one share of common stock upon vesting. Vesting of such RSUs is dependent on Akamai's achievement of specified financial targets for fiscal year 2013. To the extent such targets are met, the RSUs will vest in two equal installments on the second and third anniversaries of the grant date.