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F5, INC. Director's Dealing 2010

May 4, 2010

30317_dirs_2010-05-04_0a7b429e-6e70-4f36-b072-78de9ef68b10.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: F5 NETWORKS INC (FFIV)
CIK: 0001048695
Period of Report: 2010-04-30

Reporting Person: Matte Dan (Sr. VP of Marketing)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-04-30 Common Stock A 558 $38.0715 Acquired 1803 Direct
2010-05-01 Common Stock M 10905 $0.00 Acquired 12708 Direct
2010-05-03 Common Stock S 11496 $70.4317 Disposed 1212 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-05-01 Restricted Stock Units $0.00 M 4978 Disposed 2018-08-01 Common Stock (4978) Direct
2010-05-01 Restricted Stock Units $0.00 M 5927 Disposed 2019-08-03 Common Stock (5927) Direct

Footnotes

F1: Reporting a purchase of shares acquired under the F5 Networks, Inc. stock purchase plan.

F2: Shares received from vesting of the 8/1/2008 and 8/3/2009 restricted stock unit grants.

F3: Sale pursuant to the terms of a 10b5-1 trading plan.