SEC Form 4 · accession 0001645635-17-000018
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
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 5:05 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 | Feb 15, 2017 | M | 1,607 | $0.00 | A | 5,569 | D | |
| Common Stock | Feb 15, 2017 | M | 1,088 | $0.00 | A | 6,657 | 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 unitsF2,F3 | $0.00 | Feb 15, 2017 | M | 1,607 | D | — | — | Common Stock | 1,607 | 0 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Feb 15, 2017 | M | 1,088 | D | — | — | Common Stock | 1,088 | 1,088 | D |
| Restricted Stock UnitsF5,F3 | $0.00 | Feb 16, 2017 | A | 1,863 | A | — | — | Common Stock | 1,863 | 1,863 | D |
Explanation of responses
- F1Includes 91 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 14, 2017.
- F2On March 6, 2014, 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 EBITDA targets for 2014. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 13, 2015, 25% vested on February 15, 2016 and the remaining 25% vested on February 15, 2017, subject solely to continued service.
- F3Restricted stock unit award expires upon reporting person's termination of employment.
- F4On 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.
- F5On February 16, 2017, 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, 2018, with an additional 33.33% units scheduled to vest on each of January 15, 2019 and January 15, 2020.