SEC Form 4 · accession 0001290473-16-000128
EQUINIX INC · EQIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Hughes
Director
Period of report
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 8:51 pm EDT
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 | May 27, 2016 | M | 302 | $0.00 | A | 2,418 | D | |
| Common StockF2 | May 31, 2016 | S | 89 | $365.5486 | D | 2,329 | 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 UnitF3,F4 | $0.00 | May 27, 2016 | M | 302 | D | — | — | Common Stock | 302 | 0 | D |
| Restricted Stock UnitF5,F4 | $0.00 | Jun 1, 2016 | A | 683 | A | — | — | Common Stock | 683 | 683 | 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 $365.5464 to $365.7431, 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 Restricted Stock Units shall vest on the one year anniversary of the regular meeting of the Company's stockholders held in the prior calendar year provided that the reporting person remains in continuous Service through such vesting date.
- F4Restricted Stock Unit award expires upon reporting person's terminiation of service.
- F5The Restricted Stock Units shall vest on the earlier of (i) the one year anniversary of the grant date or (ii) if the person does not stand for re-election as a director of the Company, the date of the regular meeting of the Company's stockholders held in the calendar year susequent to the grant date; provided that, in either case, the reporting person in continuous Service through such vesting date.