Francis J. Pelzer - 01 Nov 2021 Form 4 Insider Report for F5 NETWORKS, INC. (FFIV)

Role
EVP, Chief Financial Officer
Signature
/s/ Scot F. Rogers by Power of Attorney
Issuer symbol
FFIV
Transactions as of
01 Nov 2021
Net transactions value
$0
Form type
4
Filing time
03 Nov 2021, 16:10:35 UTC
Previous filing
02 Nov 2021
Next filing
17 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIV Common Stock Options Exercise $0 +4,090 +19% $0.000000 25,874 01 Nov 2021 Direct F1
transaction FFIV Common Stock Tax liability $0 -5,354 -21% $0.000000 20,520 01 Nov 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 -826 -11% $0.000000 6,605 01 Nov 2021 Common Stock 826 $0.000000 Direct F2, F3, F4
transaction FFIV Restricted Stock Unit Options Exercise $0 -1,941 -25% $0.000000 5,826 01 Nov 2021 Common Stock 1,941 $0.000000 Direct F2, F4, F5
transaction FFIV Restricted Stock Unit Options Exercise $0 -582 -100% $0.000000* 0 01 Nov 2021 Common Stock 582 $0.000000 Direct F2, F4, F6
transaction FFIV Restricted Stock Unit Options Exercise $0 -741 -20% $0.000000 2,967 01 Nov 2021 Common Stock 741 $0.000000 Direct F2, F4, F7
transaction FFIV Restricted Stock Unit Award $0 +5,811 $0.000000 5,811 01 Nov 2021 Common Stock 5,811 $0.000000 Direct F2, F4, F8, F9
* 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, 2018, November 1, 2018, November 1, 2019 and 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, 2018 award of service-based Restricted Stock Units vests on August 1, 2019, and the remaining seventy five percent (75%) vests in twelve equal quarterly increments beginning November 1, 2019.
F6 This November 1, 2018 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2019.
F7 This November 1, 2019 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2020.
F8 Concurrent with the award of 5,811 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 5,811 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.
F9 This November 1, 2021 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2022.