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Filing Details

Accession Number:: 0001209191-20-057024
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-04 19:45:27
Reporting Period:: 2020-11-02

Accepted Time:: 2020-11-04 19:45:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1048695	F5 Networks Inc.	FFIV	Computer Communications Equipment (3576)	911714307

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1588334	Frazier Scot Rogers	C/O F5 Networks, Inc. 801 5Th Avenue Seattle WA 98104	Evp And General Counsel	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2020-11-02	1,588	$130.57	16,934	No	4	S	Direct
Common Stock	Disposition	2020-11-02	1,201	$131.38	15,733	No	4	S	Direct
Common Stock	Disposition	2020-11-02	1,400	$132.72	14,333	No	4	S	Direct
Common Stock	Disposition	2020-11-02	900	$133.78	13,433	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Acquisiton	2020-11-02	9,145	$0.00	9,145	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,145			No	4	A	Direct

Footnotes

This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $130.01 to $130.96. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $131.15 to $131.78. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $132.16 to $133.15. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $133.41 to $134.19. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
Each Restricted Stock Unit represents a contingent right to receive one share of F5 Networks, Inc. Common Stock on the vest date.
Concurrent with the award of 9,145 service-based Restricted Stock Units, the Company granted the reporting person additional RestrictedStock Units that vest based on performance targets ("Performance RSUs"). If the performance targets are achieved at 100%, the reporting person will receive 9,145 Performance RSUs over the vesting period; the actual number of Performance RSUs received may be more or less depending on whether and to the extent that performance is greater than or less than targets. The Performance RSUs vests over a three-year period in three equal annual installments. Performance RSUs are not reported in Table II; the underlying shares of Performance RSUs will be reported in Table I if and when the Compensation Committee of the Board of Directors determines that the performance targets have been achieved.
This November 2, 2020 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2021.
If the reporting person continues to provide services to the Company through the vest date, the corresponding number of shares of Common Stock of F5 Networks, Inc. will be issued to the reporting person on the vest date.