SEC Form 4 · accession 0001645635-17-000005
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 17, 2017
Accepted (ET)
Jan 19, 2017 · 8:24 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 StockF1 | Jan 17, 2017 | M | 3,848 | $0.00 | A | 25,333 | D | |
| Common Stock | Jan 17, 2017 | M | 3,032 | $0.00 | A | 28,365 | D | |
| Common StockF3 | Jan 18, 2017 | S | 1,004 | $375.9459 | D | 27,361 | D | |
| Common StockF4 | Jan 18, 2017 | S | 1,900 | $376.8011 | D | 25,461 | D | |
| Common StockF5 | Jan 18, 2017 | S | 746 | $377.9086 | D | 24,715 | 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 UnitsF6,F7 | $0.00 | Jan 17, 2017 | M | 3,848 | D | — | — | Common Stock | 3,848 | 3,848 | D |
| Restricted Stock UnitsF8,F7 | $0.00 | Jan 17, 2017 | M | 3,032 | D | — | — | Common Stock | 3,032 | 6,061 | D |
Explanation of responses
- F1Includes 14 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on August 12, 2016.
- F2Shares 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $375.28 to $376.14, 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 4 and 5 to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $376.36 to $377.32 inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $377.66 to $378.34 inclusive.
- F6Vesting 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.
- F7Restricted stock unit award expires upon reporting person's termination of employment.
- F8Vesting 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, 2017 and an additional 33.33% of the RSUs vesting on January 15, 2018 and January 15, 2019.