SEC Form 4 · accession 0001086222-17-000076
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Wheaton
Officer — Executive Vice Pres., Media
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:07 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 23, 2017 | M | 2,039 | $0.00 | A | 48,058 | 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,F2 | $0.00 | Feb 23, 2017 | M | 3,435 | D | — | Feb 13, 2020 | Common Stock | 3,435 | 3,435 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F2Vesting 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.