SEC Form 4 · accession 0001290473-16-000081
EQUINIX INC · EQIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yau Tat Lee
Officer — President - Asia Pacific
Period of report
Jan 15, 2016
Accepted (ET)
Jan 20, 2016 · 6:09 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 | A | 3,215 | $0.00 | A | 6,162 | D | |
| Common Stock | Jan 15, 2016 | A | 725 | $0.00 | A | 6,887 | 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 | Jan 15, 2016 | A | 3,215 | A | — | — | Common Stock | 3,215 | 3,215 | D |
| Restricted Stock unitsF1,F2 | $0.00 | Jan 15, 2016 | M | 3,215 | D | — | — | Common Stock | 3,215 | 0 | D |
| Restricted Stock UnitsF3,F2 | $0.00 | Jan 15, 2016 | M | 725 | D | — | — | Common Stock | 725 | 1,451 | D |
Explanation of responses
- F1On 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.
- F2Restricted stock unit award expires upon reporting person's termination of employment.
- F3Vesting 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.