SEC Form 4 · accession 0001290473-15-000005
EQUINIX INC · EQIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Smith
Officer — CEO & President · Director
Period of report
Jan 15, 2015
Accepted (ET)
Jan 16, 2015 · 6:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001101239
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 15, 2015 | M | 3,649 | $0.00 | A | 23,530 | D | |
| Common StockF2 | Jan 16, 2015 | S | 1,993 | $218.1178 | D | 21,537 | 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 UnitsF3,F4 | $0.00 | Jan 15, 2015 | A | 3,649 | A | — | — | Common Stock | 3,649 | 3,649 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Jan 15, 2015 | M | 3,649 | D | — | — | Common Stock | 3,649 | 0 | D |
Explanation of responses
- F1Shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax pursuant to the vesting of RSUs.
- F2The average price of $218.1178 consists of the following blocks of shares: 1,100 with an average price of $217.75 and 893 shares at an average price of $218.57.
- F3On February 14, 2013, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the degree to which a relative Total Shareholder Return target was attained for the period January 1, 2013 to December 31, 2014. The Compensation Committee certified that the payout for this award would be 52.08% (out of a possible 200%) of the target units granted to the reporting person based on the degree to which Equinix performed against the Russell 1000 Index.
- F4Restricted Stock Unit award expires upon reporting person's termination of services.