<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 30, 1999
REGISTRATION NO. 333-
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- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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F5 NETWORKS, INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
WASHINGTON 3570 91-1714307
(State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer
incorporation or organization) Classification Code Number) Identification
Number)
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200 FIRST AVENUE WEST, SUITE 500
SEATTLE, WASHINGTON 98119
(206) 505-0800
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
JOANN REITER
GENERAL COUNSEL AND SECRETARY
F5 NETWORKS, INC.
200 FIRST AVENUE WEST, SUITE 500
SEATTLE, WASHINGTON 98119
(206) 505-0800
(Name, address, including zip code, and telephone number, including area code,
of agent for service)
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COPIES TO:
DAVID R. WILSON, ESQ. BROOKS STOUGH, ESQ.
HELLER EHRMAN WHITE & MCAULIFFE GUNDERSON DETTMER STOUGH
6100 COLUMBIA CENTER VILLENEUVE FRANKLIN & HACHIGIAN, LLP
701 FIFTH AVENUE 155 CONSTITUTION DRIVE
SEATTLE, WA 98104 MENLO PARK, CALIFORNIA 94025
(206) 447-0900 (650) 321-2400
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APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
As soon as practicable after the Registration Statement becomes effective.
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If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act,
check the following box. / /
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective
registration statement for the same offering. /X/ 333-86767
If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
number for the same offering. / /
If this Form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities Act
registration number of the earlier effective registration statement for the same
offering. / /
If delivery of the prospectus is expected to be made pursuant to Rule 434,
check the following box. / /
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CALCULATION OF REGISTRATION FEE
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PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
TITLE OF EACH CLASS OF AMOUNT TO BE OFFERING PRICE PER AGGREGATE REGISTRATION FEE
SECURITIES TO BE REGISTERED REGISTERED (1) SHARE (2) OFFERING PRICE (2) (3)
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Common Stock, no par value....................... 230,000 $67.00 $15,410,000 $4,284
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(1) Includes 30,000 shares which the underwriters have the option to purchase to
cover over-allotments, if any.
(2) Calculated pursuant to Rule 457(a).
(3) Pursuant to Rule 429(b), the registrant registered 2,300,000 shares of
common stock on a Registration Statement on Form S-1 (333-86767) at a
proposed maximum aggregate offering price of $150,650,000.
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<PAGE>
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
This registration statement is filed with the Securities and Exchange
Commission (the "Commission") pursuant to Rule 462(b) under the Securities Act
of 1933, as amended (the "Securities Act") by F5 Networks, Inc. (the "Company").
In accordance with Rule 429 under the Securities Act, this Registration
Statement incorporates by reference the contents of the Registration Statement
on Form S-1 (Registration No. 333-86767) which was declared effective by the
Commission on September 29, 1999 relating to the offering of 2,300,000 shares of
Common Stock.
CERTIFICATION
The Company hereby certifies to the Commission that (i) it has instructed
its bank to pay the filing fee set forth on the cover page of this Registration
Statement by a wire transfer of such amount to the Commission's account at
Mellon Bank as soon as practicable (but no later than the close of business on
September 30, 1999), (ii) it will not revoke such instructions, (iii) it has
sufficient funds in the relevant account to cover the amount of such filing fee,
and (iv) it will confirm receipt of such instructions by its bank during the
bank's regular business hours no later than September 30, 1999.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the
registrant has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereinto duly authorized, in the City of Seattle,
State of Washington, on the 29th day of September, 1999.
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<S> <C> <C>
F5 NETWORKS, INC.
By: /s/ JEFFREY S. HUSSEY
-----------------------------------------
Jeffrey S. Hussey
CHIEF EXECUTIVE OFFICER AND PRESIDENT
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Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
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<CAPTION>
SIGNATURE TITLE DATE
- ------------------------------ -------------------------- -------------------
<C> <S> <C>
Chairman of the Board,
/s/ JEFFREY S. HUSSEY Chief Executive Officer
- ------------------------------ and President (Principal September 29, 1999
Jeffrey S. Hussey Executive Officer)
Vice President of Finance,
* Chief Financial Officer
- ------------------------------ and Treasurer (Principal September 29, 1999
Robert J. Chamberlain Finance and Accounting
Officer)
*
- ------------------------------ Director September 29, 1999
Carlton G. Amdahl
*
- ------------------------------ Director September 29, 1999
Karl D. Guelich
*
- ------------------------------ Director September 29, 1999
Alan J. Higginson
*
- ------------------------------ Director September 29, 1999
Sonja L. Hoel
*
- ------------------------------ Director September 29, 1999
Kent L. Johnson
</TABLE>
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<S> <C> <C> <C>
*By: /s/ JEFFREY S. HUSSEY
-------------------------
Jeffrey S. Hussey
ATTORNEY-IN-FACT
</TABLE>
II-1
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EXHIBIT INDEX
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5.1 Opinion of Heller Ehrman White & McAuliffe.
23.1 Consent of PricewaterhouseCoopers LLP, Independent Accountants.
23.2 Consent of Counsel (included in Exhibit 5.1).
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<PAGE>
EXHIBIT 5.1
[LETTERHEAD OF HELLER EHRMAN WHITE & McAULIFFE]
September 29, 1999
F5 Networks, Inc.
200 First Avenue West, Suite 500
Seattle, Washington 98119
Re: LEGALITY OF SECURITIES TO BE REGISTERED UNDER REGISTRATION STATEMENT ON
FORM S-1
Dear Ladies and Gentlemen:
This opinion is delivered in our capacity as counsel to F5 Networks, Inc., a
Washington corporation (the "Company"), in connection with the preparation and
filing by the Company with the Securities and Exchange Commission (the
"Commission") of a Registration Statement on Form S-1 pursuant to Rule 462(b)
relating to the sale of 230,000 shares of the Company's common stock, no par
value (the "Selling Shareholder Shares") by certain shareholders of the Company
(the "Selling Shareholders") which Registration Statement incorporates by
reference a Registration Statement on Form S-1 (Reg. No. 333-86767) filed with
the Commission under the Securities Act of 1933, as amended (together, the
"Registration Statement").
I.
We have assumed the authenticity of all records, documents and instruments
submitted to us as originals, the genuineness of all signatures, the legal
capacity of natural persons and the conformity to the originals of all records,
documents and instruments submitted to us as copies. We have based our opinion
upon our review of the following records, documents, instruments and
certificates:
(a) The Registration Statement;
(b) The Articles of Incorporation (including all amendments thereto and
restatements thereof) of the Company certified by the Washington
Secretary of State as of September 8, 1999, and certified to us by an
officer of the Company as being complete and in full force and effect as
of the date of this opinion;
(c) The Bylaws of the Company (and all amendments thereto) certified to us
by an officer of the Company as being complete and in full force and
effect as of the date of this opinion;
(d) A Certificate of Existence/Authorization relating to the Company issued
by the Washington Secretary of State dated September 8, 1999;
(e) Records of the corporate proceedings of the Company certified to us by
an officer of the Company constituting all records of proceedings and
actions of the Company's board of directors relating to the transactions
contemplated by the Underwriting Agreement and the issuance of the
Selling Shareholder Shares by the Company to the Selling Shareholders;
and
(f) Certificates of officers of the Company as to certain factual matters.
We have also assumed that the Registration Statement will have been declared
effective by the Securities and Exchange Commission prior to, and will continue
to be effective at the time of, the issuance of the Issuer Shares.
<PAGE>
II.
This opinion is limited to the federal laws of the United States of America
and the corporate law of the State of Washington, and we disclaim any opinion as
to the laws of any other jurisdiction. We further disclaim any opinion as to any
statute, rule, regulation, ordinance, order or other promulgation of any
regional or local governmental body or as to any related judicial or
administrative opinion.
III.
Based upon the foregoing and our examination of such questions of law as we
have deemed necessary or appropriate for the purpose of our opinion, and subject
to the limitations and qualifications expressed below, it is our opinion that
the Selling Shareholder Shares are validly issued and nonassessable.
IV.
We hereby consent to the filing of this opinion as an exhibit to, and to the
use of this opinion in connection with, the Registration Statement and to the
reference to this firm under the heading "Legal Matters" in the prospectus
constituting a part of the Registration Statement.
This opinion is rendered to you and to purchasers of the Securities offered
by the Selling Shareholders pursuant to the Registration Statement and is solely
for the benefit of you and such purchasers. This opinion may not be relied upon
by any other person, firm, corporation or other entity without our prior written
consent. We disclaim any obligation to advise you of any change of law that
occurs, or any facts of which we become aware, after the date of this opinion.
Very truly yours,
/s/ HELLER EHRMAN WHITE & McAULIFFE
2
<PAGE>
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement on Form S-1 of our reports dated September 2, 1999, relating to the
financial statements and financial statement schedule of F5 Networks, Inc.,
which appear in F5 Networks, Inc.'s Form S-1 registration statement (File No.
333-86767). We also consent to the references to us under the headings "Experts"
and "Selected Financial Data" in F5 Networks, Inc.'s Form S-1 registration
statement (File No. 333-86767).
/s/ PricewaterhouseCoopers LLP
Seattle, Washington
September 29, 1999
