SEC Form 4 · accession 0001086222-17-000072
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Thomson Leighton
Officer — Chief Executive Officer · Director
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:06 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 23, 2017 | M | 11,774 | $0.00 | A | 182,514 | D | |
| Common Stock, par value $.01 per shareF1 | holding | — | — | — | 3,265,305 | I | See note |
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,F4 | $0.00 | Feb 23, 2017 | M | 24,333 | D | — | — | Common Stock | 24,333 | 24,334 | D |
Explanation of responses
- F1Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99. Mr. Leighton disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein.
- F2Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F3Vesting of such RSUs is dependent on Akamai's achievement of a specified revenue and operating free cash flow targets for fiscal years 2015 and 2016. To the extent such target is met, the RSUs will vest in two equal 50% installments on each of February 23, 2017 and 2018. Amount reported is maximum issuable.
- F4Not applicable.