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Filing Details

Accession Number:: 0001209191-11-025873
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-05-03 20:05:15
Reporting Period:: 2011-05-01

Filing Date:: 2011-05-03
Accepted Time:: 2011-05-03 20:05:15
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
1342166	Edward John Rodriguez	C/O F5 Networks, Inc. 401 Elliott Ave. West Seattle WA 98119	Sr.vp,Chief Accounting Officer	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	Acquisiton	2011-05-01	3,540	$0.00	9,309	No	4	A	Direct
Common Stock	Acquisiton	2011-05-01	3,219	$0.00	12,528	No	4	M	Direct
Common Stock	Disposition	2011-05-02	2,152	$100.44	10,376	No	4	S	Direct
Common Stock	Disposition	2011-05-02	1,700	$101.21	8,676	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	M	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 Units	Disposition	2011-05-01	2,500	$0.00	2,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2011-05-01	719	$0.00	719	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,500			No	4	M	Direct
12,477			No	4	M	Direct

Footnotes

Shares acquired based on performance targets for the August 3, 2009 and August 2, 2010 awards of Restricted Stock Units.
Includes 215 shares acquired on April 29, 2011 under the F5 Networks, Inc. stock purchase plan.
Shares acquired upon vesting of August 3, 2009, and August 2, 2010 awards of service-based Restricted Stock Units.
This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $99.97 to $100.95. 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 $100.99 to $101.61. 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.
Certain Restricted Stock Units vest based on performance targets ("Performance Awards"). Previously, the Company disclosed Performance Awards in Table II. When the performance targets were achieved, the Company reported the conversion of the Performance Awards in Table II, and reported the acquisition of the underlying shares in Table I. Performance Awards will no longer be reported in Table II. The underlying shares of Performance Awards will hereafter be reported in Table I if and when the Compensation Committee of the Board of Directors determines that the performance targets have been achieved. Consistent with this change in reporting practices, the Restricted Stock Units reported in Table II of this Report are service-based only and do not include Performance Awards.
The August 3, 2009 award of service-based Restricted Stock Units vests in eight equal quarterly increments beginning November 1, 2009.
If the reporting person continues to serve as an officer of the Company on 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.
8,635 of the service-based Restricted Stock Units awarded August 2, 2010 vest in twelve equal quarterly increments beginning November 1, 2010; an additional 6,000 Restricted Stock Units vest August 1, 2013.