SEC Form 4 · accession 0001140361-15-002255
RACKSPACE HOSTING, INC. · RAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Taylor Rhodes
Officer — Chief Executive Officer
Period of report
Mar 10, 2014
Accepted (ET)
Jan 20, 2015 · 7:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001107694
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 10, 2014 | F | 223 | $37.64 | D | 185,087 | D | |
| Common StockF2 | Jan 15, 2015 | F | 8,065 | $46.01 | D | 184,864 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were withheld pursuant to a Company policy that was in place for part of 2014 which required the holder's tax obligation that is triggered by the vesting of Restricted Stock Units (RSUs) to be satisfied through the withholding a portion of the vested shares by the Company.
- F2These shares were sold pursuant to Company policy that requires a holder of Restricted Stock Units (RSUs) to immediately sell enough shares to enable the Company to fulfill its obligation to deliver funds to the IRS to cover the holder's tax obligation which is triggered by the vesting of the RSU.