4//SEC Filing
SMITH DEREK WINSLOW 4
Accession 0001209191-20-057025
CIK 0001048695other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 7:48 PM ET
Size
9.7 KB
Accession
0001209191-20-057025
Insider Transaction Report
Form 4
SMITH DEREK WINSLOW
SVP & GM of Shape Security
Transactions
- Award
Restricted Stock Unit
2020-11-02+5,716→ 5,716 totalExercise: $0.00→ Common Stock (5,716 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of F5 Networks, Inc. Common Stock on the vest date.
- [F2]Concurrent with the award of 5,716 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 5,716 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 three-year period in three 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.
- [F3]This November 2, 2020 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2021.
- [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.
Issuer
F5 NETWORKS, INC.
CIK 0001048695
Entity typeother
Related Parties
1- filerCIK 0001801340
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 7:48 PM ET
- Size
- 9.7 KB