SEC Form 4 · accession 0001645635-18-000002
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
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 5:24 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 Stock | Jan 16, 2018 | M | 2,177 | $0.00 | A | 4,963 | D | |
| Common Stock | Jan 16, 2018 | M | 725 | $0.00 | A | 5,688 | D | |
| Common Stock | Jan 16, 2018 | M | 689 | $0.00 | A | 6,377 | D | |
| Common Stock | Jan 16, 2018 | M | 622 | $0.00 | A | 6,999 | 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,F2 | $0.00 | Jan 16, 2018 | A | 2,177 | A | — | — | Common Stock | 2,177 | 2,177 | D |
| Restricted Stock UnitsF1,F2 | $0.00 | Jan 16, 2018 | M | 2,177 | D | — | — | Common Stock | 2,177 | 0 | D |
| Restricted Stock UnitsF3,F2 | $0.00 | Jan 16, 2018 | M | 725 | D | — | — | Common Stock | 725 | 0 | D |
| Restricted Stock UnitsF4,F2 | $0.00 | Jan 16, 2018 | M | 689 | D | — | — | Common Stock | 689 | 688 | D |
| Restricted Stock UnitsF5,F2 | $0.00 | Jan 16, 2018 | M | 622 | D | — | — | Common Stock | 622 | 1,241 | 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 degree to which a relative Total Shareholder Return target was attained for the period January 1, 2015 to December 31, 2017. The Compensation Committee certified that the payout for this award would be 200% (out of a possible 200%) of the target to the reporting person based on the degree to which Equinix performed against the Russell 1000 Index.
- F2Restricted stock unit award expires upon reporting person's termination of employment.
- F3Vesting 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.
- F4Vesting 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.
- F5Vesting 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 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.