SEC Form 4 · accession 0001645635-17-000029
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
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:50 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 17, 2017 | M | 8,822 | $0.00 | A | 40,492 | D | |
| Common StockF2 | Feb 21, 2017 | S | 1,123 | $369.1768 | D | 39,369 | D | |
| Common StockF3 | Feb 21, 2017 | S | 2,656 | $370.5198 | D | 36,713 | D | |
| Common StockF4 | Feb 21, 2017 | S | 773 | $371.6618 | D | 35,940 | D | |
| Common StockF5 | Feb 21, 2017 | S | 127 | $372.3106 | D | 35,813 | D | |
| Common Stock | Feb 21, 2017 | S | 100 | $373.50 | D | 35,713 | 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 | Feb 17, 2017 | A | 17,643 | A | — | — | Common Stock | 17,643 | 17,643 | D |
| Restricted Stock UnitsF6,F7 | $0.00 | Feb 17, 2017 | M | 8,822 | D | — | — | Common Stock | 8,822 | 8,821 | 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 $368.915 to $369.35, 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 3 thru 5 to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.03 to $371.02 inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $371.14 to $372.09 inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.30 to $372.35 inclusive.
- F6On March 16, 2016, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2016. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 17, 2017, 25% will vest on February 15, 2018 and the remaining 25% will on February 15, 2019, subject solely to continued service.
- F7Restricted stock unit award expires upon reporting person's termination of employment.