SEC Form 4 · accession 0001645635-19-000002
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 15, 2019
Accepted (ET)
Jan 17, 2019 · 5:21 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 | Jan 15, 2019 | M | 1,064 | $0.00 | A | 3,247 | D | |
| Common Stock | Jan 15, 2019 | M | 688 | $0.00 | A | 3,935 | D | |
| Common Stock | Jan 15, 2019 | M | 621 | $0.00 | A | 4,556 | D | |
| Common Stock | Jan 15, 2019 | M | 662 | $0.00 | A | 5,218 | 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 | Jan 15, 2019 | A | 1,064 | A | — | — | Common Stock | 1,064 | 1,064 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Jan 15, 2019 | M | 1,064 | D | — | — | Common Stock | 1,064 | 0 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Jan 15, 2019 | M | 688 | D | — | — | Common Stock | 688 | 0 | D |
| Restricted Stock UnitsF5,F3 | $0.00 | Jan 15, 2019 | M | 621 | D | — | — | Common Stock | 621 | 620 | D |
| Restricted Stock UnitsF6,F3 | $0.00 | Jan 15, 2019 | M | 662 | D | — | — | Common Stock | 662 | 1,321 | D |
Explanation of responses
- F1Includes 1 share not previously reported in prior Form 4.
- F2On February 11, 2016, 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, 2016 to December 31, 2018. The Compensation Committee certified that the payout for this award would be 102.49% (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.
- F3Restricted stock unit award expires upon reporting person's termination of employment.
- 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.
- F6Vesting 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.