Accession Number: | 0001086222-19-000082 |
Date: | 2019-03-01 |
Issuer: | AKAMAI TECHNOLOGIES INC (AKAM) |
Original Submission Date: |
LEIGHTON F THOMSON
C/O AKAMAI TECHNOLOGIES, INC.
150 BROADWAY
CAMBRIDGE, MA 02142
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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RESTRICTED STOCK UNITS | 0.0 | 2019-03-01 | deemed execution date | A | 47,826 (a) | 2022-03-01 | common stock 47,826 | $0.00 | 47,826 | direct | ||
RESTRICTED STOCK UNITS | 0.0 | 2019-03-01 | deemed execution date | A | 47,826 (a) | 2022-03-02 | common stock 47,826 | $0.00 | 47,826 | direct | ||
RESTRICTED STOCK UNITS | 0.0 | 2019-03-01 | deemed execution date | A | 23,913 (a) | 2022-03-03 | common stock 23,913 | $0.00 | 23,913 | direct |
ID | footnote |
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f1 | each restricted stock unit ("rsu") represents the right to receive one share of akamai common stock upon vesting. |
f2 | rsu vests over three years as follows: 1/3 on each of march 1, 2020, 2021 and 2022. |
f3 | vesting of such rsus is dependent on akamai's achievement of a specified financial performance targets for each of 2019, 2020 and 2021. to the extent such targets are met, the rsus will vest on the date the company's financial results for 2021 are certified. amount reported is target amount issuable; maximum issuable is 200% of target. |
f4 | 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 2019, 2020 and 2021. 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 2021 are certified. amount reported is target issuable; maximum amount issuable is 200% of target. |