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AKAMAI TECHNOLOGIES INC — Director's Dealing 2017
Feb 10, 2017
30559_dirs_2017-02-10_30925d25-98eb-4d5a-8480-055a1fe03b20.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: 2017-02-09
Reporting Person: Benson James M (Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-09 | Restricted Stock Units | $0.0 | A | 16914 | Acquired | 2020-02-11 | Common Stock (16914.0) | Direct |
| 2017-02-09 | Restricted Stock Units | $0.0 | A | 33828 | Acquired | 2020-02-12 | Common Stock (33828.0) | Direct |
| 2017-02-09 | Restricted Stock Units | $0.0 | A | 16914 | Acquired | 2020-02-14 | Common Stock (16914.0) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F2: RSUs vest over three years as follows: 33% on each of February 9, 2018, 2019 and 2020.
F3: Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2017, 2018 and 2019. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2019 are certified. Amount reported is maximum issuable.
F4: 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 2017, 2018 and 2019. 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 2019 are certified. Amount reported is maximum issuable.