Filing Details
- Accession Number:
- 0001086222-23-000164
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2023-03-31 16:31:34
- Reporting Period:
- 2023-03-06
- Accepted Time:
- 2023-03-31 16:31:34
- Original Submission Date:
- 2023-03-08
- 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 |
|---|---|---|---|---|---|---|---|
| 1106232 | Thomson F Leighton | C/O Akamai Technologies, Inc. 145 Broadway Cambridge MA 02142 | Chief Executive Officer | Yes | 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 | Acquisiton | 2023-03-07 | 333 | $75.28 | 64,942 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2023-03-07 | 11,903 | $0.00 | 76,845 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-03-07 | 5,317 | $74.94 | 71,528 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-03-08 | 334 | $74.89 | 71,862 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2023-03-06 | 70,056 | $0.00 | 70,056 | $0.00 |
| Common Stock | Performance Restricted Stock Units | Acquisiton | 2023-03-06 | 28,022 | $0.00 | 28,022 | $0.00 |
| Common Stock | TSR Restricted Stock Units | Acquisiton | 2023-03-06 | 42,033 | $0.00 | 42,033 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-03-07 | 11,903 | $0.00 | 11,903 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 70,056 | 2026-03-07 | No | 4 | A | Direct | |
| 28,022 | 2026-03-07 | No | 4 | A | Direct | |
| 42,033 | 2026-03-07 | No | 4 | A | Direct | |
| 23,808 | 2025-03-08 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 108,358 | Indirect | See note |
| Common Stock | 2,218,134 | Indirect | See note |
| Common Stock | 20,963 | Indirect | See footnote |
Footnotes
- Purchase was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Leighton on November 10, 2022.
- The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $75.27 to $75.28, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $74.79 to $74.92, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- Held by the TBL Foundation of which Mr. Leighton serves as a trustee.
- Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99 of which Mr. Leighton serves as a trustee. Mr. Leighton disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein.
- Held by the David T. Leighton Trust of which F. Thomson Leighton is a trustee. F. Thomson Leighton disclaims beneficial ownership of shares held by such trust.
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
- The number of RSUs is being amended due to an inadvertent administrative error.
- Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2023, 2024 and 2025. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2025 are certified. Amount reported is target 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 2023, 2024 and 2025. 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 2025 are certified. Amount reported is target issuable.
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