SEC Form 4 · accession 0001086222-16-000267
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Sagan
Director
Period of report
Mar 9, 2016
Accepted (ET)
Mar 10, 2016 · 4:35 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 | Mar 9, 2016 | M | 23,255 | $25.32 | A | 62,121 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 9, 2016 | S | 23,255 | $55.06 | D | 38,866 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F3 | $25.32 | Mar 9, 2016 | M | 23,255 | D | — | Feb 5, 2017 | Common Stock | 23,255 | 69,768 | D |
Explanation of responses
- F1Sale was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Sagan on March 4, 2016.
- F2Average sale price per share.
- F3Option vests over four years as follows: 25% on February 5, 2011, and the remaining 75% vests in equal installments of 6.25% each quarter thereafter.