-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 3 WASHINGTON, D.C. 20549 OMB APPROVAL
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Number: 3235-0104
Expires: December 31, 2001
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Estimated average burden
Section 17(a) of the Public Utility Holding Company Act of 1935 or hours per response .... 0.5
(Print or Type Responses) Section 30(f) of the Investment Company Act of 1940 -----------------------------
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1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name AND Ticker or Trading Symbol
quiring Statement
Dixon Brian R. (Month/Day/Year) F5 NETWORKS, INC. (FFIV)
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(Last) (First) (Middle) June 3, 1999 5. Relationship of Reporting Person(s) 6. If Amendment, Date
----------------------- to Issuer (Check all applicable) of Original
3. IRS or Social Se- Director 10% Owner (Month/Day/Year)
C/o F5 Networks, Inc. curity Number of ---- ----
200 First Avenue West Reporting Person Officer (give Other (specify ---------------------
------------------------------------------------- (Voluntary) X title below) below) 7. Individual or
(Street) ---- ---- Joint/Group Filing
(Check Applicable
VP of Operations and Secretary Line)
------------------------------ Form filed by One
X Reporting Person
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Form filed by
More than One
Reporting Person
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Seattle, Washington 98119
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(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I)
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Common Stock 129,313 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 5(b)(v). SEC 1473 (3-99)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED
TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Amount (D) or
Date Expir- or Indirect
Exer- ation Title Number (I)
cisable Date of
Shares (Instr. 5)
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Option (right to buy) 6/26/97 6/3/2006 Common Stock 90,000(1) $0.05 D
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Option (right to buy) 6/3/98 5/31/2008 Common Stock 22,500(2) $0.25 D
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Option (right to buy) 10/28/98 10/27/2008 Common Stock 16,813(3) $0.75 D
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Option (right to buy) 1/1/99 12/31/2008 Common Stock 51,374(4) $1.50 D
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Explanation of Responses: (1) Grant to Reporting Person of an option to buy shares of Common Stock under the 1996 Stock Option Plan.
The options become exercisable 25% one year following the date of grant and 25% one year following
the date of grant and 25% on each anniversary in years two to four following the date of grant. Each of the options has ten-year
term, but the term may end earlier if the optionee ceases service with the Company.
(2) Grant to Reporting Person of an option to buy shares of Common Stock under the Amended and Restated 1996 Stock Option Plan. The
options become exercisable 25% one year following the date of grant and 25% on each anniversary in years two to four following the
date of grant. Each of the options has a ten-year term, but the term may end earlier if the optionee ceases
service with the Company.
(3) Grant to Reporting Person of an option to buy shares of Common Stock under the Amended and Restated 1996 Stock Option Plan. The
options become exercisable 50% on the Date of Grant and 25% on October 1, 1999 and 25% on October 1, 2000.
(4) Grant to Reporting Person of an option to buy shares of Common Stock under the 1998 Equity Incentive Plan. The original number
of options granted was 66,374 and these options became exercisable 50% on the Date of Grant and 25% on each anniversary in years two
and three following the date of grant. Reporting Person has exercised 15,000 of these options.
/s/ Brian R. Dixon June 3, 1999
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**Intentional misstatements or omissions of facts constitute Federal Brian R. Dixon Date
Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number. Page 2
SEC 1473 (3-99)
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