Geng Lin - Nov 1, 2021 Form 4 Insider Report for F5 NETWORKS, INC. (FFIV)

Role
EVP, Chief Technology Officer
Signature
/s/ Scot F. Rogers by Power of Attorney
Stock symbol
FFIV
Transactions as of
Nov 1, 2021
Transactions value $
$0
Form type
4
Date filed
11/3/2021, 04:09 PM
Previous filing
Nov 2, 2021
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIV Common Stock Options Exercise $0 +2.53K +26.04% $0.00 12.3K Nov 1, 2021 Direct F1
transaction FFIV Common Stock Tax liability $0 -3.21K -26.2% $0.00 9.04K Nov 1, 2021 Direct

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 FFIV Restricted Stock Unit Options Exercise $0 -635 -11.11% $0.00 5.08K Nov 1, 2021 Common Stock 635 $0.00 Direct F2, F3, F4
transaction FFIV Restricted Stock Unit Options Exercise $0 -1.38K -12.5% $0.00 9.67K Nov 1, 2021 Common Stock 1.38K $0.00 Direct F2, F4, F5
transaction FFIV Restricted Stock Unit Options Exercise $0 -514 -20.02% $0.00 2.05K Nov 1, 2021 Common Stock 514 $0.00 Direct F2, F4, F6
transaction FFIV Restricted Stock Unit Award $0 +4.65K $0.00 4.65K Nov 1, 2021 Common Stock 4.65K $0.00 Direct F2, F4, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon vesting of the August 1, 2019, November 1, 2019 and the November 2, 2020 awards of service-based Restricted Stock Units.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of F5 Networks, Inc. Common Stock on the vest date.
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 serve as an officer of the Company on 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.
F5 Twenty five percent (25%) of this August 1, 2019 award of service-based Restricted Stock Units vests on August 1, 2020, and the remaining seventy five percent (75%) vests in twelve equal quarterly increments beginning November 1, 2020.
F6 This November 1, 2019 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2020.
F7 Concurrent with the award of 4,649 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 4,649 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.
F8 This November 1, 2021 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2022.