SEC Form 4 · accession 0001290473-16-000095
EQUINIX INC · EQIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Schwartz
Officer — President, Equinix Europe
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 8:40 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 | Feb 12, 2016 | M | 2,558 | $0.00 | A | 8,092 | 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,F3 | $0.00 | Feb 11, 2016 | A | 5,116 | A | — | — | Common Stock | 5,116 | 5,116 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Feb 11, 2016 | A | 2,398 | A | — | — | Common Stock | 2,398 | 2,398 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Feb 12, 2016 | M | 2,558 | D | — | — | Common Stock | 2,558 | 2,558 | D |
Explanation of responses
- F1On February 12, 2015 the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain revenue and AFFO targets for 2015. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 12, 2016, with 25% additional units scheduled to vest on each of February 15, 2017 and February 15, 2018, subject solely to continued service.
- F2On February 11, 2016, the reporting person was granted restricted stock units, the vesting of which is subject solely to continued service through each vesting date. 33.33% of the award is scheduled to vest on January 15, 2017, with an additional 33.33% units scheduled to vest on each of January 15, 2018 and January 15, 2019.
- F3Restricted stock unit award expires upon reporting person's termination of employment.