SEC Form 4 · accession 0001140361-15-032516
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
Aug 13, 2015
Accepted (ET)
Aug 17, 2015 · 4:53 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,F2 | Aug 13, 2015 | S | 558 | $29.9564 | D | 177,472 | D | |
| Common StockF3,F4 | Aug 13, 2015 | A | 93,125 | $29.53 | A | 270,597 | 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 Mr. Rhodes' Rule 10b5-1 trading plan.
- F2The prices for the sale of shares ranged from $29.95 to $29.96. 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.
- F3Granted pursuant to the 2007 Long Term Incentive Plan as amended and restated.
- F4These shares were granted in the form of Restricted Stock Units (RSU's). Each RSU represents a contingent right to receive one share of Rackspace Hosting, Inc. common stock. The shares under the RSU grant shall vest 25% annually with the first vest date beginning August 15, 2016.