Filing Details
- Accession Number:
- 0001086222-17-000039
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-10 16:17:48
- Reporting Period:
- 2017-02-09
- Filing Date:
- 2017-02-10
- Accepted Time:
- 2017-02-10 16:17:48
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1086222 | Akamai Technologies Inc | AKAM | Services-Business Services, Nec (7389) | 043432319 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1628496 | James Gemmell | C/O Akamai Technologies, Inc. 150 Broadway Cambridge MA 02142 | Evp & Chief Hr Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2017-02-09 | 2,297 | $63.83 | 8,738 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2017-02-09 | 12,529 | $0.00 | 12,529 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2017-02-09 | 25,058 | $0.00 | 25,058 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2017-02-09 | 12,528 | $0.00 | 12,528 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 12,529 | 2020-02-11 | No | 4 | A | Direct | |
| 25,058 | 2020-02-12 | No | 4 | A | Direct | |
| 12,528 | 2020-02-14 | No | 4 | A | Direct |
Footnotes
- Sale was pursuant to a Rule 10b5-1 Plan adopted by Mr. Gemmell on February 23, 2016.
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- RSUs vest over three years as follows: 33% on each of February 9, 2018, 2019 and 2020.
- 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.
- 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.
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