SEC Form 4 · accession 0001086222-17-000039
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Gemmell
Officer — EVP & Chief HR Officer
Period of report
Feb 9, 2017
Accepted (ET)
Feb 10, 2017 · 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 | Feb 9, 2017 | S | 2,297 | $63.83 | D | 8,738 | 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 UnitsF2,F3 | $0.00 | Feb 9, 2017 | A | 12,529 | A | — | Feb 11, 2020 | Common Stock | 12,529 | 12,529 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | Feb 9, 2017 | A | 25,058 | A | — | Feb 12, 2020 | Common Stock | 25,058 | 25,058 | D |
| Restricted Stock UnitsF2,F5 | $0.00 | Feb 9, 2017 | A | 12,528 | A | — | Feb 14, 2020 | Common Stock | 12,528 | 12,528 | D |
Explanation of responses
- F1Sale was pursuant to a Rule 10b5-1 Plan adopted by Mr. Gemmell on February 23, 2016.
- F2Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F3RSUs vest over three years as follows: 33% on each of February 9, 2018, 2019 and 2020.
- F4Vesting 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.
- F5Vesting 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.