Initial Statement of Beneficial Ownership (3)
March 07 2017 - 4:25PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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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1. Name and Address of Reporting Person
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Karon Adam
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2. Date of Event Requiring Statement (MM/DD/YYYY)
3/1/2017
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3. Issuer Name
and
Ticker or Trading Symbol
AKAMAI TECHNOLOGIES INC [AKAM]
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(Last)
(First)
(Middle)
C/O AKAMAI TECHNOLOGIES, INC., 150 BROADWAY
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
___
X
___ Officer (give title below)
_____ Other (specify below)
EVP & GM Media Division /
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(Street)
CAMBRIDGE, MA 02142
(City)
(State)
(Zip)
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5. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Common Stock
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8256
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units
(1)
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2/12/2018
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2/13/2018
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Common Stock
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1973.0
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$0.0
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D
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Restricted Stock Units
(1)
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(2)
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2/12/2019
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Common Stock
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5970.0
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$0.0
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D
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Restricted Stock Units
(1)
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(3)
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4/29/2019
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Common Stock
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7632.0
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$0.0
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D
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Restricted Stock Units
(1)
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(4)
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2/10/2020
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Common Stock
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10023.0
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$0.0
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D
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Restricted Stock Units
(1)
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3/3/2017
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3/4/2017
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Common Stock
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3527.0
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$0.0
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D
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Restricted Stock Units
(1)
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2/23/2018
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2/24/2018
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Common Stock
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2863.0
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$0.0
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D
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Restricted Stock Units
(1)
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(5)
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2/13/2019
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Common Stock
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17908.0
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$0.0
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D
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Restricted Stock Units
(1)
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(6)
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2/14/2018
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Common Stock
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8954.0
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$0.0
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D
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Restricted Stock Units
(1)
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(7)
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2/9/2020
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Common Stock
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20046.0
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$0.0
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D
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Restricted Stock Units
(1)
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(8)
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2/11/2020
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Common Stock
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10023.0
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$0.0
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D
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Explanation of Responses:
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(
1)
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Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
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(
2)
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RSUs vest 50% on February 11, 2018 and 50% on February 11, 2019.
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(
3)
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RSUs vest over three years in equal 1/3 installments on April 28, 2017, 2018 and 2019.
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(
4)
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RSUs vest over three years in equal 1/3 installments on February 9, 2018, 2019 and 2020.
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(
5)
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Vesting of such RSUs is dependent on Akamai's achievement of a specified revenue and operating free cash flow targets for fiscal years 2016, 2017 and 2018. To the extent such target is met, the RSUs will vest followingt certification financial results for 2018. Amount reported is maximum issuable.
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(
6)
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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 2016, 2017 and 2018. 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 2018 are certified. Amount reported is maximum issuable.
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(
7)
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Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2017, 2018 and 2019. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2019 are certified. Amount reported is maximum issuable.
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(
8)
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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 2017, 2018 and 2019. 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 2019 are certified. Amount reported is maximum issuable.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Karon Adam
C/O AKAMAI TECHNOLOGIES, INC.
150 BROADWAY
CAMBRIDGE, MA 02142
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EVP & GM Media Division
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Signatures
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/s/ James H. Hammons, Jr. by power of attorney
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3/6/2017
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 5(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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 control number.
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