SEC Form 4 · accession 0001086222-17-000197
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Sagan
Director
Period of report
Jun 14, 2017
Accepted (ET)
Jun 16, 2017 · 4:11 pm EDT
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 | Jun 14, 2017 | M | 17,889 | $41.33 | A | 64,147 | D | |
| Common Stock, par value $.01 per shareF2 | Jun 14, 2017 | S | 17,889 | $49.53 | D | 46,258 | D | |
| Common Stock, par value $.01 per shareF3 | holding | — | — | — | 392,729 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F4 | $41.43 | Jun 14, 2017 | M | 17,889 | D | — | Feb 11, 2018 | Common Stock | 17,889 | 53,667 | D |
Explanation of responses
- F1Sale was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Sagan on December 9, 2016.
- F2Average sale price per share.
- F3Held by the Paul Sagan Revocable Trust. Mr. Sagan disclaims beneficial ownership of shares held by the Paul Sagan Revocable Trust except to the extent of his pecuniary interest therein.
- F4Option vests over four years as follows: 25% on February 11, 2012, and the remaining 75% vests in equal installments of 6.25% each quarter thereafter.