SEC Form 4 · accession 0001140361-16-066051
RACKSPACE HOSTING, INC. · RAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Crenshaw
Officer — SVP, Strategy & Product
Period of report
May 13, 2016
Accepted (ET)
May 17, 2016 · 5:43 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 | May 13, 2016 | A | 39,630 | $0.00 | A | 111,430 | D | |
| Common StockF3 | May 15, 2016 | F | 6,345 | $22.71 | D | 105,085 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Granted pursuant to the 2007 Long Term Incentive Plan, as amended and restated.
- F2These 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 on May 15, 2017.
- F3Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs).