SEC Form 4 · accession 0001086222-17-000051
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 11, 2017
Accepted (ET)
Feb 14, 2017 · 5:59 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 11, 2017 | M | 4,215 | $0.00 | A | 51,379 | D | |
| Common Stock | Feb 12, 2017 | M | 2,797 | $0.00 | A | 54,176 | 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 | $0.00 | Feb 11, 2017 | A | 6,240 | D | — | Feb 12, 2019 | Common Stock | 6,240 | 12,482 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Feb 12, 2017 | M | 4,142 | D | — | — | Common Stock | 4,142 | 4,143 | D |
Explanation of responses
- F1Vesting of such RSUs is dependent on Akamai's achievement of a specified revenue and operating free cash flow targets for fiscal years 2016 and 2017. To the extent such target is met, the RSUs will vest in two equal 50% installments on each of February 11, 2018 and 2019. Amount reported is maximum issuable.
- F2Option vests over three years as follows: 33% on each of February 12, 2016, 2017 and 2018.
- F3Not applicable.