SEC Form 4 · accession 0001290473-16-000080
EQUINIX INC · EQIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sara Baack
Officer — Chief Marketing Officer
Period of report
Jan 15, 2016
Accepted (ET)
Jan 20, 2016 · 6:08 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, 2016 | M | 2,855 | $0.00 | A | 7,572 | D | |
| Common Stock | Jan 15, 2016 | M | 950 | $0.00 | A | 8,522 | D | |
| Common StockF2 | Jan 19, 2016 | S | 206 | $291.5915 | D | 8,316 | D | |
| Common StockF3 | Jan 19, 2016 | S | 609 | $292.7083 | D | 7,707 | D | |
| Common StockF4 | Jan 19, 2016 | S | 300 | $293.90 | D | 7,407 | D | |
| Common StockF5 | Jan 19, 2016 | S | 400 | $295.4225 | D | 7,007 | D | |
| Common Stock | Jan 19, 2016 | S | 94 | $296.97 | D | 6,913 | D | |
| Common Stock | Jan 19, 2016 | S | 100 | $298.64 | D | 6,813 | D | |
| Common StockF6 | Jan 19, 2016 | S | 300 | $302.2967 | D | 6,513 | 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 UnitsF7,F8 | $0.00 | Jan 15, 2016 | A | 2,855 | A | — | — | Common Stock | 2,855 | 2,855 | D |
| Restricted Stock UnitsF7,F8 | $0.00 | Jan 15, 2016 | M | 2,855 | D | — | — | Common Stock | 2,855 | 0 | D |
| Restricted Stock UnitsF9,F8 | $0.00 | Jan 15, 2016 | M | 950 | A | — | — | Common Stock | 725 | 1,900 | 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.30 to $291.88, inclusive. The reporting person undertakes to provide to Equinix, Inc, any security holder of Equinix Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 2, 3 and 4 to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.53 to $293.40 inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.55 to $294.24 inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.05 to $299.95 inclusive.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.19 to $302.36 inclusive.
- F7On March 6, 2014, 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, 2014 to December 31, 2015. The Compensation Committee certified that the payout for this award would be 200% (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.
- F8Restricted Stock Unit award expires upon reporting person's termination of services.
- F9Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vesting on January 15, 2016 and an additional 33.33% of the RSUs vesting on January 15, 2017 and January 15, 2018.