SEC Form 4 · accession 0001140361-15-013277
RACKSPACE HOSTING, INC. · RAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Taylor Rhodes
Officer — President & CEO
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 7:29 pm EDT
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 24, 2015 | D | 4,245 | $0.00 | D | 179,031 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued pursuant to the Rackspace Hosting, Inc. 2007 Long Term Incentive Plan in the form of a performance based Restricted Stock Awards (PSA). The shares under the PSA are subject to a cliff vest that is based on the Company's total shareholder return performance in relation to an index, which was to be measured 3 years from the grant date. This entry is to record the disposition of the shares, as the performance goal was not met.