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Filing Details

Accession Number:: 0001209191-11-042170
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-08-02 21:16:12
Reporting Period:: 2011-07-29

Filing Date:: 2011-08-02
Accepted Time:: 2011-08-02 21:16:12
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
1417100	Mark Anderson	401 Elliott Avenue West Seattle WA 98119	Sr. Vp, Worldwide Sales	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	2011-07-29	3,628	$0.00	8,882	No	4	A	Direct
Common Stock	Acquisiton	2011-08-01	6,970	$0.00	15,852	No	4	M	Direct
Common Stock	Disposition	2011-08-01	2,700	$92.55	13,152	No	4	S	Direct
Common Stock	Disposition	2011-08-01	2,096	$93.59	11,056	No	4	S	Direct
Common Stock	Disposition	2011-08-01	455	$95.21	10,601	No	4	S	Direct
Common Stock	Disposition	2011-08-01	48	$96.11	10,553	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
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	2011-08-01	3,750	$0.00	3,750	$0.00
Common Stock	Restricted Stock Units	Disposition	2011-08-01	2,500	$0.00	2,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2011-08-01	720	$0.00	720	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2011-08-01	8,114	$0.00	8,114	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,750	No	4	M	Direct
0	No	4	M	Direct
15,757	No	4	M	Direct
8,114	No	4	A	Direct

Footnotes

Shares acquired based on performance targets for the August 3, 2009 and August 2, 2010 awards of Restricted Stock Units.
Shares acquired upon vesting of November 1, 2007, 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 $92.11 to $93.07. 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 $93.20 to $94.19. 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.
This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $94.82 to $95.78. 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 $95.935 to $96.37. 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.
Twenty five percent (25%) of the November 1, 2007 award of service-based Restricted Stock Units vested on November 1, 2008, and the remaining seventy five percent (75%) vest in twelve equal quarterly increments beginning February 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.
The August 3, 2009 award of service-based Restricted Stock Units vests in eight equal quarterly increments beginning November 1, 2009.
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 10,000 Restricted Stock Units vest August 1, 2013.
Concurrent with this award of service-based Restricted Stock Units, the Company granted the reporting person additional Restricted Stock Units that vest based on performance targets ("Performance RSUs"). If the performance targets are achieved at 100%, the reporting person will receive 8,114 Performance RSUs over the three-year 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. 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.
The August 1, 2011 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning November 1, 2011.