X0306 4/A 2012-05-09 2012-05-11 0 0001107694 RACKSPACE HOSTING, INC. RAX 0001307352 MOE PALMER L C/O RACKSPACE HOSTING, INC., 5000 WALZEM SAN ANTONIO TX 78218 1 0 0 0 Common Stock 2012-05-09 4 A 0 2850 0 A 66146 D Common Stock 2012-05-09 4 D 0 30000 52.064 D 36146 D Granted pursuant to the Rackspace Second Amended and Restated 2007 Long Term Incentive Plan and the Rackspace non-employee director compensation plan. These shares were granted in the form of Restricted Stock Units (RSU's). Each RSU represents a contingent right to receive one share of Rackspace Hosting, Inc. common stock. All of the shares under the RSU grant shall vest on April 1, 2013 and be delivered promptly thereafter. These shares were sold pursuant to Mr. Moe's 10b5-1 trading plan adopted on March 5, 2012. The price for the sales of these shares ranged from $50.78 to $52.80 per share. The registrant undertakes to provide, upon request of the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. This Amendment was filed solely to correct the number of shares directly held by Mr. Moe after the transactions reflected in the original Form 4. The shares beneficially held by Mr. Moe after each transaction were listed as 76,146 and 46,146 respectively in the original Form 4. /s/ William Alberts by Power of Attorney 2012-11-26