F. Thomson Leighton - Mar 6, 2023 Form 4/A - Amendment Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
Chief Executive Officer, Director
Signature
/s/ Thomas M. Lair, by power of attorney
Stock symbol
AKAM
Transactions as of
Mar 6, 2023
Transactions value $
-$348,374
Form type
4/A - Amendment
Date filed
3/31/2023, 04:31 PM
Date Of Original Report
Mar 8, 2023
Previous filing
Mar 3, 2023
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Purchase $25.1K +333 +0.52% $75.28 64.9K Mar 7, 2023 Direct F1, F2
transaction AKAM Common Stock Options Exercise $0 +11.9K +18.33% $0.00 76.8K Mar 7, 2023 Direct
transaction AKAM Common Stock Tax liability -$398K -5.32K -6.92% $74.94 71.5K Mar 7, 2023 Direct
transaction AKAM Common Stock Purchase $25K +334 +0.47% $74.89 71.9K Mar 8, 2023 Direct F1, F3
holding AKAM Common Stock 108K Mar 6, 2023 See note F4
holding AKAM Common Stock 2.22M Mar 6, 2023 See note F5
holding AKAM Common Stock 21K Mar 6, 2023 See footnote F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AKAM Restricted Stock Units Award $0 +70.1K $0.00 70.1K Mar 6, 2023 Common Stock 70.1K $0.00 Direct F7, F8
transaction AKAM Performance Restricted Stock Units Award $0 +28K $0.00 28K Mar 6, 2023 Common Stock 28K $0.00 Direct F7, F9, F10
transaction AKAM TSR Restricted Stock Units Award $0 +42K $0.00 42K Mar 6, 2023 Common Stock 42K $0.00 Direct F7, F9, F11
transaction AKAM Restricted Stock Units Options Exercise $0 -11.9K -33.33% $0.00 23.8K Mar 7, 2023 Common Stock 11.9K $0.00 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Purchase was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Leighton on November 10, 2022.
F2 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $75.27 to $75.28, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $74.79 to $74.92, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4 Held by the TBL Foundation of which Mr. Leighton serves as a trustee.
F5 Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99 of which Mr. Leighton serves as a trustee. Mr. Leighton disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein.
F6 Held by the David T. Leighton Trust of which F. Thomson Leighton is a trustee. F. Thomson Leighton disclaims beneficial ownership of shares held by such trust.
F7 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F8 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F9 The number of RSUs is being amended due to an inadvertent administrative error.
F10 Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2023, 2024 and 2025. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2025 are certified. Amount reported is target issuable.
F11 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 2023, 2024 and 2025. 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 2025 are certified. Amount reported is target issuable.