4//SEC Filing
Gibson Benjamin 4
Accession 0001209191-17-059087
CIK 0001048695other
Filed
Nov 2, 8:00 PM ET
Accepted
Nov 3, 2:24 PM ET
Size
13.9 KB
Accession
0001209191-17-059087
Insider Transaction Report
Form 4
F5 NETWORKS INCFFIV
Gibson Benjamin
EVP, Chief Marketing Officer
Transactions
- Award
Restricted Stock Unit
2017-11-01+11,609→ 11,609 totalExercise: $0.00→ Common Stock (11,609 underlying) - Exercise/Conversion
Common Stock
2017-11-01+1,768→ 2,583 total - Exercise/Conversion
Restricted Stock Unit
2017-11-01−1,768→ 19,454 totalExercise: $0.00→ Common Stock (1,768 underlying)
Footnotes (6)
- [F1]Shares acquired upon vesting of the August 1, 2016 award of service-based Restricted Stock Units.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of F5 Networks, Inc. Common Stock on the vest date.
- [F3]Twenty five percent (25%) of this August 1, 2016 award of service-based Restricted Stock Units vests on August 1, 2017 and the remaining seventy five percent (75%) vests in twelve equal quarterly increments beginning November 1,2017.
- [F4]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.
- [F5]Concurrent with the award of 11,609 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 11,609 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 four-year period in four 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.
- [F6]This November 1, 2017 award of service-based Restricted Stock Units vests in sixteen equal quarterly increments beginning February 1, 2018.
Issuer
F5 NETWORKS INC
CIK 0001048695
Entity typeother
Related Parties
1- filerCIK 0001681007
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 8:00 PM ET
- Accepted
- Nov 3, 2:24 PM ET
- Size
- 13.9 KB