SEC Form 4 · accession 0001140361-15-008498
RACKSPACE HOSTING, INC. · RAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Saporito
Officer — Chief Accounting Officer
Period of report
Feb 18, 2015
Accepted (ET)
Feb 23, 2015 · 6:03 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,F2 | Feb 18, 2015 | S | 345 | $51.54 | D | 24,089 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were sold pursuant to Company policy that requires a holder of Restricted Stock Units (RSU's) to immediately sell enough shares to enable the Company to fulfill its obligation to deliver funds to the Internal Revenue Service to cover the holder's tax obligation which is triggered by the vesting of the RSU and pursuant to the terms of the holder's Rule 10b5-1 trading plan.
- F2The reported price is an average of the price for sale of the shares. The registrant undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.