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AKAMAI TECHNOLOGIES INC — Director's Dealing 2016
Feb 16, 2016
30559_dirs_2016-02-16_1998b815-4f59-488d-b312-5faa2bab7671.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AKAMAI TECHNOLOGIES INC (AKAM)
CIK: 0001086222
Period of Report: 2016-02-11
Reporting Person: Blumofe Robert (EVP Platform)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-11 | Common Stock | M | 3353 | — | Acquired | 23083 | Direct |
| 2016-02-11 | Common Stock | M | 2264 | — | Acquired | 25347 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-11 | Restricted Stock Units | $0.0 | A | 37444 | Acquired | 2019-02-12 | Common Stock (37444.0) | Direct |
| 2016-02-11 | Restricted Stock Units | $0.0 | A | 18722 | Acquired | 2019-02-12 | Common Stock (18722.0) | Direct |
| 2016-02-11 | Restricted Stock Units | $0.0 | A | 18722 | Acquired | Common Stock (18722.0) | Direct | |
| 2016-02-12 | Restricted Stock Units | $0.0 | M | 3353 | Disposed | Common Stock (3353.0) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F2: Vesting of such RSUs is dependent on Akamai's achievement of specified annual revenue and earnings per share targets for each of fiscal years 2016, 2017 and 2018. To the extent such targets are met, the RSUs will vest in full on the date the company's financial results for 2018 are certified. Amount reported is maximum issuable.
F3: Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2016, 2017 and 2018. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2018 are certified. Amount reported is maximum issuable.
F4: RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F5: Not applicable.
F6: RSUs vest over three years as follows: 33% on each of February 12, 2016, 2017 and 2018.