SEC Form 4 · accession 0001645635-19-000020
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 22, 2019
Accepted (ET)
Feb 26, 2019 · 6:08 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 25, 2019 | M | 2,231 | $0.00 | A | 4,886 | D | |
| Common StockF2 | Feb 26, 2019 | S | 305 | $425.9586 | D | 4,581 | D | |
| Common StockF3 | Feb 26, 2019 | S | 630 | $426.5104 | D | 3,951 | D | |
| Common StockF4 | Feb 26, 2019 | S | 160 | $427.6263 | D | 3,791 | 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 UnitsF5,F6 | $0.00 | Feb 22, 2019 | A | 3,826 | A | — | — | Common Stock | 3,826 | 3,826 | D |
| Restricted Stock UnitsF7,F6 | $0.00 | Feb 22, 2019 | A | 4,461 | A | — | — | Common Stock | 4,461 | 4,461 | D |
| Restricted Stock unitsF7,F6 | $0.00 | Feb 25, 2019 | M | 2,231 | D | — | — | Common Stock | 2,231 | 2,230 | D |
Explanation of responses
- F1Shares 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $425.19 to $426.19, 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 3 and 4 to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $426.20 to $427.03 inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $427.29 to $427.97 inclusive.
- 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 RSUs vesting on January 15, 2020 and an additional 33.33% of the RSUs vesting on January 15, 2021 and January 15, 2022.
- F6Restricted stock unit award expires upon reporting person's termination of employment.
- F7On February 27, 2018, 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 2018. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 25, 2019, 25% will vest on February 15, 2020 and the remaining 25% will on February 15, 2021, subject solely to continued service.