SEC Form 4 · accession 0001645635-18-000015
EQUINIX INC · EQIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Schwartz
Officer — President, Equinix EMEA
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 5:46 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, 2018 | M | 1,279 | $0.00 | A | 4,713 | D | |
| Common Stock | Feb 15, 2018 | M | 1,163 | $0.00 | A | 5,876 | D | |
| Common StockF3 | Feb 16, 2018 | S | 200 | $397.275 | D | 5,676 | D | |
| Common StockF4 | Feb 16, 2018 | S | 329 | $399.6751 | D | 5,347 | D | |
| Common StockF5 | Feb 16, 2018 | S | 400 | $400.9575 | D | 4,947 | D | |
| Common StockF6 | Feb 16, 2018 | S | 500 | $402.462 | D | 4,447 | D | |
| Common StockF7 | Feb 16, 2018 | S | 700 | $403.4757 | D | 3,747 | D | |
| Common StockF8 | Feb 16, 2018 | S | 213 | $404.2253 | D | 3,534 | D | |
| Common Stock | Feb 16, 2018 | S | 100 | $405.53 | D | 3,434 | 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 UnitsF9,F10 | $0.00 | Feb 15, 2018 | M | 1,279 | D | — | — | Common Stock | 1,279 | 0 | D |
| Restricted Stock UnitsF11,F10 | $0.00 | Feb 15, 2018 | M | 1,163 | D | — | — | Common Stock | 1,163 | 1,163 | D |
Explanation of responses
- F1Includes 88 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 14, 2018.
- F10Restricted stock unit award expires upon reporting person's termination of employment.
- F11On 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.
- F2Shares were sold pursuant to a 10b5-1 Trading Plan
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $397.16 to $397.39, 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 through 8 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 $399.33 to $400.00 inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.62 to $401.32 inclusive.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $402.02 to $402.81 inclusive.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $403.04 to $404.02 inclusive.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $404.10 to $404.35 inclusive.
- F9On 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.