F5, INC. — Director's Dealing 2014

Mar 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: F5 NETWORKS INC (FFIV)
CIK: 0001048695
Period of Report: 2014-03-12

Reporting Person: Dreyer Michael L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-12	Common Stock	M	2156	$0.00	Acquired	3005	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-12	Restricted Stock Units	$0.00	M	2156	Disposed		Common Stock (2156)	Direct
2014-03-13	Restricted Stock Units	$0.00	A	1861	Acquired		Common Stock (1861)	Direct

Footnotes

F1: Shares received upon vesting of the March 13, 2013 award of Restricted Stock Units.

F2: Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of F5 Networks, Inc. on the vest date.

F3: One share of Common Stock of F5 Networks, Inc. was delivered to the reporting person for each Restricted Stock Unit that vested on March 12, 2014.

F4: Restricted Stock Units will fully vest on the first business day prior to the date of the annual shareholder meeting for fiscal 2014 (to be held in 2015) if the reporting person continues to serve as a director on the vest date, and the corresponding number of shares of Common Stock of F5 Networks, Inc. will be issued to the reporting person on the vest date.