Statement of Changes in Beneficial Ownership (4)
February 16 2023 - 4:25PM
Edgar (US Regulatory)
FORM 4
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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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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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STROHMEYER KARL |
2. Issuer Name and Ticker or Trading Symbol
EQUINIX INC
[
EQIX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Customer & Rev Officer |
(Last)
(First)
(Middle)
C/O EQUINIX, INC, ONE LAGOON DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/14/2023 |
(Street)
REDWOOD CITY, CA 94065
(City)
(State)
(Zip)
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4. 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 Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/15/2023 | | M | | 862 | A | $0 | 21331 (1) | D | |
Common Stock | 2/15/2023 | | M | | 1077 | A | $0 | 22408 | D | |
Common Stock | 2/15/2023 | | M | | 2864 | A | $0 | 25272 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 Unit | $0 | 2/14/2023 | | A | | 4750 | | (2) | (3) | Common Stock | 4750 | $0 | 4750 | D | |
Restricted Stock Unit | $0 | 2/15/2023 | | A | | 5728 | | (4) | (3) | Common Stock | 5728 | $0 | 5728 | D | |
Restricted Stock Unit | $0 | 2/15/2023 | | M | | | 862 | (5) | (3) | Common Stock | 862 | $0 | 0 | D | |
Restricted Stock Units | $0 | 2/15/2023 | | M | | | 1077 | (6) | (3) | Common Stock | 1077 | $0 | 1076 | D | |
Restricted Stock Unit | $0 | 2/15/2023 | | M | | | 2864 | (4) | (3) | Common Stock | 2864 | $0 | 2864 | D | |
Explanation of Responses: |
(1) | Includes 38 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 14, 2023. |
(2) | Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2024 and an additional 33.33% of the RSUs will each vest on January 15, 2025 and January 15, 2026. |
(3) | Restricted stock unit award expires upon reporting person's termination of service. |
(4) | On February 23, 2022, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2022. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2023, 25% will vest on February 15, 2024 and the remaining 25% will vest on February 15, 2025, subject solely to continued service. |
(5) | On February 26, 2020, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2020. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 19, 2021, 25% will vest on February 15, 2022 and the remaining 25% will vest on February 15, 2023, subject solely to continued service. |
(6) | On February 18, 2021, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2021. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 24, 2022, 25% will vest on February 15, 2023 and the remaining 25% will on February 15, 2024, subject solely to continued service. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
STROHMEYER KARL C/O EQUINIX, INC ONE LAGOON DRIVE REDWOOD CITY, CA 94065 |
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| Chief Customer & Rev Officer |
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Signatures
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/s/ Samantha Lagocki, POA | | 2/16/2023 |
**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 control number. |
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