SEC Form 4 · accession 0001086222-17-000036
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 9, 2017
Accepted (ET)
Feb 10, 2017 · 4:11 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 | $0.00 | Feb 9, 2017 | A | 23,492 | A | — | Feb 11, 2020 | Common Stock | 23,492 | 23,492 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Feb 9, 2017 | A | 46,984 | A | — | Feb 12, 2020 | Common Stock | 46,984 | 46,984 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Feb 9, 2017 | A | 23,492 | A | — | Feb 14, 2020 | Common Stock | 23,492 | 23,492 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F2RSUs vest over three years as follows: 33% on each of February 9, 2018, 2019 and 2020.
- F3Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2017, 2018 and 2019. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2019 are certified. Amount reported is maximum issuable.
- F4Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2017, 2018 and 2019. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2019 are certified. Amount reported is maximum issuable.