AI assistant
AKAMAI TECHNOLOGIES INC — Director's Dealing 2016
Feb 17, 2016
30559_dirs_2016-02-17_a9405e61-69c4-41fd-845d-0e8faf77ad48.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: AKAMAI TECHNOLOGIES INC (AKAM)
CIK: 0001086222
Period of Report: 2016-02-03
Reporting Person: Wheaton William (Executive Vice Pres., Media)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 33061 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock option (right to buy) | $35.42 | 2020-02-08 | Common Stock (3922.0) | Direct | |
| Restricted Stock Units | $0.0 | Common Stock (2355.0) | Direct | ||
| Restricted Stock Units | $0.0 | 2019-02-12 | Common Stock (4735.0) | Direct | |
| Restricted Stock Units | $0.0 | 2018-02-07 | Common Stock (21186.0) | Direct | |
| Restricted Stock Units | $0.0 | 2020-02-12 | Common Stock (18722.0) | Direct | |
| Restricted Stock Units | $0.0 | 2020-07-22 | Common Stock (5498.0) | Direct | |
| Restricted Stock Units | $0.0 | 2020-02-11 | Common Stock (37444.0) | Direct | |
| Restricted Stock Units | $0.0 | 2020-02-13 | Common Stock (21304.0) | Direct |
Footnotes
F1: Option vests over three years as follows: 33% on each of February 8, 2014, 2015 and 2016.
F2: Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F3: RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F4: Not applicable.
F5: RSUs vest 50% on the date 2015 financial results are certified in the first quarter of 2016 and 50% on the second anniversary of such date.
F6: 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.
F7: RSUs vest over three years as follows: 33% on July 22, 2016, with the remaining 67% vesting in equal installments of 8.33% each quarter thereafter.
F8: 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.
F9: Vesting of such RSUs is dependent on Akamai's achievement of a specified revenue and operating free cash flow targets for fiscal years 2015 and 2016. To the extent such target is met, the RSUs will vest in two equal 50% installments in February 2017 and 2018. Amount reported is maximum issuable.