SEC Form 4 · accession 0001645635-18-000019
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 27, 2018
Accepted (ET)
Mar 1, 2018 · 8:17 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 28, 2018 | M | 1,790 | $0.00 | A | 10,934 | 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 | Feb 27, 2018 | A | 1,983 | A | — | — | Common Stock | 1,983 | 1,983 | D |
| Restricted Stock UnitsF3,F2 | $0.00 | Feb 27, 2018 | A | 3,578 | A | — | — | Common Stock | 3,578 | 3,578 | D |
| Restricted Stock UnitsF3,F2 | $0.00 | Feb 28, 2018 | M | 1,790 | D | — | — | Common Stock | 1,790 | 1,788 | D |
Explanation of responses
- F1Vesting 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, 2019 and an additional 33.33% of the RSUs vesting on January 15, 2020 and January 15, 2021.
- F2Restricted stock unit award expires upon reporting person's termination of employment.
- F3On February 16, 2017, 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 2017. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 28, 2018, 25% will vest on February 15, 2019 and the remaining 25% will on February 15, 2020, subject solely to continued service.