SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Hughes Robert W

(Last) (First) (Middle)
C/O AKAMAI TECHNOLOGIES, INC.
8 CAMBRIDGE CENTER

(Street)
CAMBRIDGE MA 02142

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AKAMAI TECHNOLOGIES INC [ AKAM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP - Glbl Sales, Svcs & Mktg
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 per share 02/15/2006 M 3,750 A $0.89 18,603 D
Common Stock, par value $.01 per share 02/15/2006 M 15,000 A $1.65 33,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $25.086 32,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $25 31,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.997 30,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.994 29,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.99 28,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24,943 27,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 2,000 D $24.941 25,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 5,000 D $24.94 20,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.939 19,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.937 18,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.936 17,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.931 16,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 1,000 D $24.925 15,603 D
Common Stock, par value $.01 per share 02/15/2006 S(1) 750 D $24.911 14,853 D
Common Stock, par value $.01 per share 02/16/2006 M 10,000 A $1.65 24,853 D
Common Stock, par value $.01 per share 02/16/2006 M 5,000 A $4.92 29,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 1,000 D $26.45 28,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 1,000 D $26.437 27,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 1,000 D $26.411 26,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 2,000 D $26.41 24,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 1,000 D $26.406 23,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 2,000 D $26.39 21,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 1,000 D $26.388 20,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 1,000 D $26.355 19,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 1,000 D $26.351 18,853 D
Common Stock, par value $.01 per share 02/16/2006 S(1) 4,000 D $26.35 14,853 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Stock option (right to buy) $0.89 02/15/2006 M 3,750 (2) 08/12/2012 Common Stock 3,750 $0.89 1,875 D
Stock option (right to buy) $1.65 02/15/2006 M 15,000 (3) 12/18/2012 Common Stock 15,000 $1.65 10,000 D
Stock Option (right to buy) $1.65 02/16/2006 M 10,000 (3) 12/18/2012 Common Stock 10,000 $1.65 0 D
Stock Option (right to buy) $4.92 02/16/2006 M 5,000 (4) 07/20/2013 Common Stock 5,000 $4.92 45,000 D
Restricted Stock Unit $0 02/15/2006 A 12,500 (5) (6) Common Stock 12,500 $0 12,500 D
Restricted Stock Unit $0 02/15/2006 A 37,500 (7) (6) Common Stock 37,500 $0 37,500 D
Stock Option (right to buy) $25.77 02/15/2006 A 100,000 (8) 02/14/2016 Common Stock 100,000 $25.77 100,000 D
Explanation of Responses:
1. Sales was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Hughes on February 10, 2006.
2. Options vest in equal installments quarterly from August 13, 2004 through August 13, 2006.
3. Options vested in full on December 12, 2005.
4. Option vests as follows: 25% on January 21, 2005, and the remaining 75% vests in equal installments of 6.25% each quarter thereafter.
5. Each Restricted Stock Unit ("RSU") represents the right to receive one share of Akamai common stock. RSUs vest in 33% installments on the first business day of each of 2007, 2008 and 2009.
6. Not applicable.
7. Each RSU represents the right to receive one share of Akamai common stock. Vesting of such RSUs is dependent on Akamai's achievement of cumulative revenue and earnings per share targets for fiscal years 2006, 2007 and 2008.
8. Option vests as follows: 25% on February 15, 2007, and the remaining 75% vests in equal installments of 6.25% each quarter thereafter.
/s/ Robert W. Hughes 02/16/2006
** 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).
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