SEC Form 4
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol AKAMAI TECHNOLOGIES INC [ AKAM ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 03/01/2021 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 03/01/2021 | M | 2,919 | A | $0 | 38,150 | D | |||
| Common Stock | 03/03/2021 | M | 2,463 | A | $0 | 40,613 | D | |||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units(1) | $0.0 | 03/01/2021 | A | 15,655 | (2) | 03/02/2024 | Common Stock | 15,655 | $0 | 15,655 | D | ||||
| Performance Restricted Stock Units(1) | $0.0 | 03/01/2021 | A | 15,655 | (3) | 03/02/2024 | Common Stock | 15,655 | $0 | 15,655 | D | ||||
| TSR Restricted Stock Units(1) | $0.0 | 03/01/2021 | A | 7,827 | (4) | 03/02/2024 | Common Stock | 7,827 | $0 | 7,827 | D | ||||
| Restricted Stock Units(1) | $0.0 | 03/01/2021 | M | 5,251 | (5) | 03/01/2022 | Common Stock | 5,251 | $0 | 5,252 | D | ||||
| Restricted Stock Units(1) | $0.0 | 03/03/2021 | M | 4,430 | (6) | 03/04/2023 | Common Stock | 4,430 | $0 | 8,861 | D | ||||
| Explanation of Responses: |
| 1. Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. |
| 2. RSUs vest 1/3 on each of the first, second and third anniversaries of the date of grant. |
| 3. Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2021, 2022 and 2023. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2023 are certified. Amount reported is target issuable. |
| 4. 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 2021, 2022 and 2023. 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 2023 are certified. Amount reported is target issuable. |
| 5. RSU vests over three years as follows: 1/3 on each of March 1, 2020, 2021 and 2022. |
| 6. RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. |
| Remarks: |
| /s/ James H. Hammons, Jr. by power of attorney | 03/03/2021 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||