SEC Form 4 · accession 0001086222-18-000024
AKAMAI TECHNOLOGIES INC · AKAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rick M McConnell
Officer — President Prods & Development
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 5:43 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 9, 2018 | M | 3,952 | $0.00 | A | 32,434 | D | |
| Common Stock, par value $.01 per share | Feb 11, 2018 | M | 5,490 | $0.00 | A | 37,924 | D | |
| Common Stock, par value $.01 per share | Feb 12, 2018 | M | 2,900 | $0.00 | A | 40,824 | 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 8, 2018 | A | 24,963 | A | — | Feb 9, 2021 | Common Stock | 24,963 | 24,963 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Feb 8, 2018 | A | 24,963 | A | — | Feb 10, 2020 | Common Stock | 24,963 | 24,963 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Feb 8, 2018 | A | 12,481 | A | — | Feb 22, 2018 | Common Stock | 12,481 | 12,481 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Feb 9, 2018 | M | 7,830 | D | — | Feb 11, 2020 | Common Stock | 7,830 | 15,662 | D |
| Restricted Stock UnitsF1,F6,F7 | $0.00 | Feb 11, 2018 | M | 9,497 | D | — | — | Common Stock | 9,497 | 9,947 | D |
| Restricted Stock UnitsF1,F8,F7 | $0.00 | Feb 12, 2018 | M | 6,412 | D | — | — | Common Stock | 6,412 | 0 | 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 financial performance targets for each of 2018, 2019 and 2020. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2020 are certified. Amount reported is target amount issuable.
- F3Vests as follows: 1/3 on each of February 8, 2019, 2020 and 2021.
- F4Vesting 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 2018, 2019 and 2020. 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 2020 are certified. Amount reported is target issuable.
- F5RSUs vest over three years as follows: 33% on each of February 9, 2018, 2019 and 2020.
- F6Vests in equal 1/3 installments on the first, second and third years of the date of grant.
- F7Not applicable.
- F8RSUs vest over three years as follows: 33% on each of February 12, 2016, 2017 and 2018.