SEC Form 4 · accession 0001645635-19-000014
EQUINIX INC · EQIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl Strohmeyer
Officer — President, Americas
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 6:02 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, 2019 | M | 1,283 | $0.00 | A | 2,639 | D | |
| Common Stock | Feb 15, 2019 | M | 1,151 | $0.00 | A | 3,790 | D | |
| Common Stock | Feb 19, 2019 | S | 100 | $419.43 | D | 3,690 | D | |
| Common Stock | Feb 19, 2019 | S | 100 | $421.90 | D | 3,590 | D | |
| Common StockF3 | Feb 19, 2019 | S | 200 | $424.795 | D | 3,390 | D | |
| Common StockF4 | Feb 19, 2019 | S | 200 | $426.28 | D | 3,190 | D | |
| Common Stock | Feb 19, 2019 | S | 100 | $427.35 | D | 3,090 | D | |
| Common Stock | Feb 19, 2019 | S | 100 | $428.45 | D | 2,990 | D | |
| Common StockF5 | Feb 19, 2019 | S | 335 | $431.8464 | D | 2,655 | 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 15, 2019 | M | 1,283 | D | — | — | Common Stock | 1,283 | 0 | D |
| Restricted Stock UnitsF8,F7 | $0.00 | Feb 15, 2019 | M | 1,151 | D | — | — | Common Stock | 1,151 | 1,150 | D |
Explanation of responses
- F1Includes 58 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 14, 2019.
- F2Shares 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $424.47 to $425.12, 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 this footnotes 4 and 5 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 $425.94 to $426.62 inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $431.67 to $431.97 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.
- F8On 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.