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<title>F5 Networks--2002 S-8</title>
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<div>
<p><b><font face="Arial" size="1">As filed with the Securities and Exchange Commission on January 9,
2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registration No. 333-<br />
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></b></p>

<p align="center"><b><font face="Arial" size="1">SECURITIES AND EXCHANGE COMMISSION<br />
Washington, D.C.&nbsp; 20549</font></b></p>

<p align="center"><b><font face="Arial" size="1">FORM S-8<br />
REGISTRATION STATEMENT<br />
UNDER<br />
THE SECURITIES ACT OF 1933</font></b></p>

<p align="center"><b><font size="1"><u><font face="Arial">F5 NETWORKS, INC.<br />
</font></u><font face="Arial">(Exact Name of Registrant as Specified in Its Charter)</font></font></b></p>

<p align="center"><b><font size="1"><u><font face="Arial">Washington<br />
</font></u><font face="Arial">(State or Other Jurisdiction<br />
of Incorporation or Organization)</font></font></b></p>

<p align="center"><b><font size="1"><u><font face="Arial">91-1714307<br />
</font></u><font face="Arial">(I.R.S. Employer Identification No.)</font></font></b></p>

<p align="center"><b><font face="Arial" size="1">&nbsp;&nbsp;&nbsp; <u>401 Elliott Avenue West, Seattle,
Washington</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>98119<br />
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of Principal Executive
Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</font></b></p>

<p align="center"><b><u><font face="Arial" size="1">1998 EQUITY INCENTIVE PLAN</font></u></b></p>

<p align="center"><b><font face="Arial" size="1">(Full Title of the Plan)</font></b></p>

<p align="center"><b><font face="Arial" size="1"><br />
Joann Reiter<br />
 F5 Networks, Inc.<br />
401 Elliott Avenue West<br />
<u>Seattle, WA&nbsp; 98119<br />
</u>(Name and Address of Agent for Service)</font></b></p>

<p align="center"><b><font size="1"><u><font face="Arial">(206) 272-5555<br />
</font></u><font face="Arial">(Telephone Number, Including Area Code, of Agent for Service)</font></font></b></p>

<p align="center"><b><font face="Arial" size="1">CALCULATION OF REGISTRATION FEE</font></b></p>

<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="643">
<tr>
<td valign="bottom" width="166" align="center">
<p align="center">&nbsp;</p>

<p align="center"><b><font face="Arial" size="1">Title of<br />
 Securities<br />
 To Be Registered</font></b></p>
</td>
<td valign="bottom" width="123" align="center">
<p align="center">&nbsp;</p>

<p align="center"><b><font face="Arial" size="1"><br />
 Amount To<br>
Be Registered</font></b></p>
</td>
<td valign="bottom" width="144" align="center">
<p align="center">&nbsp;</p>

<p><font face="Arial" size="1"><b>Proposed Maximum<br>
Offering Price</b> <b>Per Share</b></font></p>
</td>
<td valign="bottom" width="92" align="center">
<p align="center">&nbsp;</p>

<p align="center"><b><font face="Arial" size="1">Proposed<br />
 Maximum<br />
 Aggregate<br />
 Offering Price</font></b></p>
</td>
<td valign="bottom" width="108" align="center">
<p align="center">&nbsp;</p>

<p align="center"><b><font face="Arial" size="1"><br />
 Amount of<br />
 Registration<br />
 Fee</font></b></p>
</td>
</tr>

<tr>
<td valign="bottom" width="166" align="center">
</td>
<td valign="bottom" width="123" align="center">
</td>
<td valign="bottom" width="144" align="center">
</td>
<td valign="bottom" width="92" align="center">
</td>
<td valign="bottom" width="108" align="center">
</td>
</tr>

<tr>
<td valign="bottom" width="166" align="center">
<p align="center"><b><font face="Arial" size="1"><br>
common stock, no par value</font></b></p>
</td>
<td valign="bottom" width="123" align="center">
<p align="center"><b><font face="Arial" size="1">1,050,711 shares</font></b></p>
</td>
<td valign="bottom" width="144" align="center">
<p align="center"><b><font face="Arial" size="1">$7.00(1)</font></b></p>
</td>
<td valign="bottom" width="92" align="center">
<p align="center"><b><font face="Arial" size="1">$7,354,977</font></b></p>
</td>
<td valign="bottom" width="108" align="center">
<p align="center"><b><font face="Arial" size="1"><br />
</font></b></p>
</td>
</tr>

<tr>
<td valign="bottom" width="166" align="center"></td>
<td valign="bottom" width="123" align="center">
<p align="center"><b><font face="Arial" size="1">949,289</font></b></p>
</td>
<td valign="bottom" width="144" align="center">
<p align="center"><b><font face="Arial" size="1">$11.889(2)</font></b></p>
</td>
<td valign="bottom" width="92" align="center">
<p align="center"><b><font face="Arial" size="1">$11,286,097(2)</font></b></p>
</td>
<td valign="bottom" width="108" align="center">
<p align="center"><b><font face="Arial" size="1">$1,715</font></b></p>
</td>
</tr>
</table>
</div>

<p><font face="Arial" size="1">(1) The price per share and aggregate offering price for 1,050,711 shares with respect to
outstanding options under the 1998 Equity Incentive Plan are based on an average exercise price of $7.00 per share.</font></p>

<p><font face="Arial" size="1">(2) Estimated solely for the purpose of calculating the amount of the registration fee
pursuant to Rule 457(h) promulgated under the Securities Act 1933, as amended (the &ldquo;Securities Act&rdquo;). The price per
share and aggregate offering price are based upon the average of the high and low prices of the Company&rsquo;s common stock as
reported on the Nasdaq Stock Market for January 3, 2003 for 949,289 shares reserved for future issuance pursuant to the 1998 Equity
Incentive Plan (pursuant to Rule 457(c) under the Securities Act).</font></p>

<p align="center"><font face="Arial" size="1">1</font></p>
<hr>

<p align="center"><font face="Arial" size="1">PART II<br>
INFORMATION REQUIRED IN THE REGISTRATION<br>
STATEMENT</font></p>

<p><b><font face="Arial" size="1">Item 3.&nbsp; Incorporation of Documents by Reference.</font></b></p>

<p><font face="Arial" size="1">The following documents filed by F5 Networks, Inc. (the &ldquo;Company&rdquo;) with the
Securities and Exchange Commission are incorporated by reference into this Registration Statement:</font></p>

<p><font face="Arial" size="1">Annual Report on Form 10-K for the year ended September 30, 2002;, and</font></p>

<p><font face="Arial" size="1">the description of the Company&rsquo;s common stock contained in the Company&rsquo;s Registration Statement Form 8-A, filed May
11, 1999 under the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;) including any amendments or reports
filed for the purposes of updating such description.</font></p>

<p><font face="Arial" size="1">All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be
part hereof from the date of filing of such documents.</font></p>

<p><b><font face="Arial" size="1">Item 4.&nbsp; Description of Securities.</font></b></p>

<p><font face="Arial" size="1">Not Applicable</font></p>

<p><b><font face="Arial" size="1">Item 5.&nbsp; Interests of Named Experts and Counsel.</font></b></p>

<p><font face="Arial" size="1">Not Applicable&nbsp;</font></p>

<p><b><font face="Arial" size="1">Item 6.&nbsp; Indemnification of Directors and Officers.</font></b></p>

<p><font face="Arial" size="1">Sections 23B.08.500 through 23.B.08.600 of the Washington Business Corporation Act (the
&ldquo;WBCA&rdquo;) authorize a court to award, or a corporation&rsquo;s board of directors to grant, indemnification to directors
and officers on terms sufficiently broad to permit indemnification under certain circumstances for liabilities arising under the
Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;).&nbsp; Section 23B.08.320 of the WBCA authorizes a
corporation to limit a director&rsquo;s liability to the corporation or its shareholders for monetary damages for acts or omissions
as a director, except in certain circumstances involving intentional misconduct, knowing violations of law or illegal corporate
loans or distributions, or any transaction from which the director personally receives a benefit in money, property or services to
which the director is not legally entitled.</font></p>

<p><font face="Arial" size="1">The Company&rsquo;s Second Amended and Restated Articles of Incorporation and Amended and
Restated Bylaws contain provisions permitting the Company to indemnify its directors and officers to the full extent permitted by
Washington law.&nbsp; In addition, the Company&rsquo;s Second Amended and Restated Articles of Incorporation contain a provision
implementing, to the fullest extent permitted by Washington law, the above limitations on a director&rsquo;s liability to the
Company and its shareholders. The Company has entered into certain indemnification agreements with its directors and certain of its
officers, the form of which is attached as Exhibit 10.1 to its Registration Statement on Form S-1 (File No. 333-75817).&nbsp; The
indemnification agreements provide the Company&rsquo;s directors and certain of its officers with indemnification to the maximum
extent permitted by the WBCA.&nbsp; The directors and officers of the Company also may be indemnified against liability they may
incur for serving in that capacity pursuant to a liability insurance policy maintained by the Company for this purpose.</font></p>

<p align="center"><font face="Arial" size="1">2</font></p>

<hr>

<p><b><font face="Arial" size="1">Item 7.&nbsp; Exemption from Registration Claimed.</font></b></p>

<p><font face="Arial" size="1">Not Applicable</font></p>

<p><b><font face="Arial" size="1">Item 8.&nbsp; Exhibits.</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="570">
<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">Exhibit<br>
<u>&nbsp;Number</u></font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><u><font face="Arial" size="1"><br>
Exhibit</font></u></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">4.1</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font face="Arial" size="1">Second Amended and Restated Articles of Incorporation (Incorporated by reference to
Exhibit 3.2 to the Registrant&rsquo;s Registration Statement on Form S-1, File No. 333-75817).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">4.2</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font face="Arial" size="1">Amended and Restated Bylaws (Incorporated by reference to Exhibit 3.4 to the
Registrant&rsquo;s Registration Statement on Form S-1, File No. 333-75817).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">4.3</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font face="Arial" size="1">Specimen Stock Certificate (Incorporated by reference to Exhibit 4.1 to the
Registrant&rsquo;s Registration Statement on Form S-1, File No. 333-75817).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">5.1</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font face="Arial" size="1">Opinion of Heller Ehrman White&nbsp;&amp; McAuliffe LLP.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">10.1</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font size="1" face="Arial">F5 Networks, Inc. 1998 Employee Equity Incentive Plan, as
amended.<br>
(Incorporated
by reference to Registrant's Registration Statement on Form S-1, File No.
333-75817)</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.1</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font size="1" face="Arial">Consent of PricewaterhouseCoopers LLP, Independent Accountants.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.2</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font face="Arial" size="1">Consent of Heller Ehrman White&nbsp;&amp; McAuliffe LLP (Included in its opinion filed as
Exhibit 5.1).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1</font></p>
</td>
<td valign="top" width="17"></td>
<td valign="top" width="476">
<p><font face="Arial" size="1">Power of Attorney (Included on the signature page of this Registration
Statement).</font></p>
</td>
</tr>
</table>

<p><b><font face="Arial" size="1">Item 9.&nbsp; Undertakings.</font></b></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned Registrant hereby undertakes:</font></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being made,
a post&#8209;effective amendment to this Registration Statement:</font></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;</font></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post&#8209;effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in the Registration Statement;</font></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration
Statement;</font></p>

<p><font size="1"><i><font face="Arial">Provided, however,</font></i> <font face="Arial"> that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the information required to be included in a post&#8209;effective amendment by those paragraphs is contained in periodic reports
filed by the Registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in this Registration Statement.</font></font></p>

<p align="center"><font face="Arial" size="1">3</font></p>

<hr>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That, for the purpose of determining any liability under the
Securities Act of 1933, each such post&#8209;effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.</font></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the offering.</font></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the Registrant&rsquo;s annual report pursuant to Section
13(a) or Section&nbsp;15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the Registration Statement
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</font></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.&nbsp; In the
event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or
paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Securities Act of 1933
and will be governed by the final adjudication of such issue.</font></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p align="center"><font face="Arial" size="1">4</font></p>

<hr>
&nbsp;

<p align="center"><b><font face="Arial" size="1">Signatures</font></b></p>

<p><font size="1"><u><font face="Arial">The Registrant</font></u><font face="Arial">.&nbsp; Pursuant to the requirements of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S&#8209;8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Seattle, State of Washington, on December 10, 2002.</font></font></p>

<p><b><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
F5 NETWORKS, INC.</font></b></p>

<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
By:&nbsp; <u>/s John McAdam</u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John
McAdam,<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</font></p>

<p align="center"><b><font face="Arial" size="1">Power of Attorney</font></b></p>

<p><font face="Arial" size="1">Each person whose signature appears below constitutes and appoints John McAdams or Joann
Reiter, or either of them, his true and lawful attorney-in-fact, with the power of substitution and resubstitution, for him in his
name, place or stead, in any and all capacities, to sign any or all amendments to this Registration Statement, and to file the
same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact and their agents or substitutes, may lawfully do or lawfully cause to be
done by virtue hereof.</font></p>

<p><font face="Arial" size="1">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities and on the dates indicated.</font></p>

<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top">
<p><u><font face="Arial" size="1">Signature</font></u></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="center"><u><font face="Arial" size="1">Title</font></u></p>
</td>
<td valign="top">
<p><u><font face="Arial" size="1">Date</font></u></p>
</td>
</tr>

<tr>
<td valign="top">

<p><font size="1"><br>
</font>
<font face="Arial"><font size="1"><u><br>
/s/ John McAdam</u></font><br />
<font size="1">
 John McAdam</font></font></p>
</td>
<td valign="top"></td>
<td valign="top">

<p align="center"><br>
<font face="Arial" size="1">
President, Chief Executive Officer<br>
and Director<br>
(Principal Executive
Officer)</font></p>
</td>
<td valign="top">

<p><br>
<font face="Arial" size="1"><br>
December 10, 2002</font></p>
</td>
</tr>

<tr>
<td valign="top">

<p><br>
<font size="1"><u><font face="Arial"><br>
/s/ Steven B. Coburn</font></u><font face="Arial"><br />
 Steven B. Coburn</font></font></p>
</td>
<td valign="top"></td>
<td valign="top">

<p align="center"><br>
<font face="Arial" size="1">
Senior Vice President and<br>
Chief Financial Officer<br>
(Principal Financial and
Accounting Officer)</font></p>
</td>
<td valign="top">

<p><br>
<font face="Arial" size="1"><br>
December 12, 2002</font></p>
</td>
</tr>

<tr>
<td valign="top">

<p><br>
<font size="1"><u><font face="Arial"><br>
/s/ Jeffrey S. Hussey</font></u><font face="Arial"><br />
 Jeffrey S. Hussey</font></font></p>
</td>
<td valign="top"></td>
<td valign="top">

<p align="center"><br>
<font face="Arial" size="1"><br>
Director</font></p>
</td>
<td valign="top">

<p><br>
<font face="Arial" size="1"><br>
December 12, 2002</font></p>
</td>
</tr>

<tr>
<td valign="top">

<p><br>
<font size="1"><u><font face="Arial"><br>
/s/ Kenny J. Frerichs</font></u><font face="Arial"><br />
 Kenny J. Frerichs</font></font></p>
</td>
<td valign="top"></td>
<td valign="top">

<p align="center"><br>
<font face="Arial" size="1"><br>
Director</font></p>
</td>
<td valign="top">

<p><br>
<font face="Arial" size="1"><br>
December 11, 2002</font></p>
</td>
</tr>

<tr>
<td valign="top">

<p><br>
<font size="1"><u><font face="Arial"><br>
/s/ Keith D. Grinstein</font></u><font face="Arial"><br />
 Keith D. Grinstein</font></font></p>
</td>
<td valign="top"></td>
<td valign="top">

<p align="center"><br>
<font face="Arial" size="1"><br>
Director</font></p>
</td>
<td valign="top">

<p><br>
<font face="Arial" size="1"><br>
December 12, 2002</font></p>
</td>
</tr>

</table>
</div>

&nbsp;
<p align="center"><font face="Arial" size="1">5</font></p>
<hr>
<div align="center">
  <center>
<table border="0" cellspacing="0" cellpadding="0" width="100%" height="151">
<tr>
<td valign="top" height="21" width="140">
<p><u><font face="Arial" size="1">Signature</font></u></p>
</td>
<td valign="top" height="21" width="11"></td>
<td valign="top" height="21" width="313">
<p align="center"><u><font face="Arial" size="1">Title</font></u></p>
</td>
<td valign="top" height="21" width="128">
<p><u><font face="Arial" size="1">Date</font></u></p>
</td>
</tr>

<tr>
<td valign="top" height="62" width="140">

<p><br>
<font size="1"><u><font face="Arial"><br>
/s/ Karl D. Guelich</font></u><font face="Arial"><br />
 Karl D. Guelich</font></font></p>
</td>
<td valign="top" height="62" width="11"></td>
<td valign="top" height="62" width="313">

<p align="center"><br>
<font face="Arial" size="1"><br>
Director</font></p>
</td>
<td valign="top" height="62" width="128">

<p><br>
<font face="Arial" size="1"><br>
December 12, 2002</font></p>
</td>
</tr>

<tr>
<td valign="top" height="68" width="140">

<p><br>
<font size="1"><u><font face="Arial"><br>
/s/ Alan Higginson</font></u><font face="Arial"><br />
 Alan Higginson</font></font></p>
</td>
<td valign="top" height="68" width="11"></td>
<td valign="top" height="68" width="313">

<p align="center"><br>
<font face="Arial" size="1"><br>
Director</font></p>
</td>
<td valign="top" height="68" width="128">

<p><br>
<font face="Arial" size="1"><br>
December 11, 2002</font></p>
</td>
</tr>
</table>
  </center>
</div>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p align="center"><font face="Arial" size="1">6</font></p>

<hr>

<p>&nbsp;</p>

<p><b><u><font face="Arial" size="1">EXHIBIT INDEX</font></u></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="570">
<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">Exhibit<br>
<u>Number</u></font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><u><font face="Arial" size="1"><br>
Exhibit</font></u></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">4.1</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">Second Amended and Restated Articles of Incorporation (Incorporated by reference to
Exhibit 3.2 to the Registrant&rsquo;s Registration Statement on Form S-1, File No. 333-75817).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">4.2</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">Amended and Restated Bylaws (Incorporated by reference to Exhibit 3.4 to the
Registrant&rsquo;s Registration Statement on Form S-1, File No. 333-75817).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">4.3</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">Specimen Stock Certificate (Incorporated by reference to Exhibit 4.1 to the
Registrant&rsquo;s Registration Statement on Form S-1, File No. 333-75817).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">5.1</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">Opinion of Heller Ehrman White&nbsp;&amp; McAuliffe LLP.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p align="center"><font face="Arial" size="1">10.1</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">F5 Networks, Inc. 1998 Employee Equity Incentive Plan, as amended.<br>
(Incorporated
by reference to Registrant's Registration Statement on Form S-1, File No.
333-75817).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.1</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">Consent of PricewaterhouseCoopers LLP, Independent Accountants.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.2</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">Consent of Heller Ehrman White&nbsp;&amp; McAuliffe LLP (Included in its opinion filed as
Exhibit 5.1).</font></p>
</td>
</tr>

<tr>
<td valign="top" width="74">
<p><font face="Arial" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24.1</font></p>
</td>
<td valign="top" width="19"></td>
<td valign="top" width="474">
<p><font face="Arial" size="1">Power of Attorney (Included on the signature page of this Registration
Statement).</font></p>
</td>
</tr>
</table>

<p>&nbsp;</p>

<p align="center"><font face="Arial" size="1">7</font></p>

<p>&nbsp;</p>
</div>

</body>
</html>
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{"company-data": {"conformed-name": "F5 NETWORKS INC", "cik": "0001048695", "assigned-sic": "7373", "irs-number": "911714307", "state-of-incorporation": "WA", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-102434", "film-number": "03509492"}, "business-address": {"street1": "401 ELLIOT AVE WEST", "street2": "STE 500", "city": "SEATTLE", "state": "WA", "zip": "98119", "phone": "2062725555"}, "mail-address": {"street1": "401 ELLIOT AVE WEST", "street2": "STE 500", "city": "SEATTLE", "state": "WA", "zip": "98119"}, "former-company": {"former-conformed-name": "F5 LABS INC", "date-changed": "19990305"}}
F5 Networks--2002 S-8
As filed with the Securities and Exchange Commission on January 9,
2002                          Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
F5 NETWORKS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Washington
(State or Other Jurisdiction
of Incorporation or Organization)
91-1714307
(I.R.S. Employer Identification No.)
401 Elliott Avenue West, Seattle,
Washington
98119
(Address of Principal Executive
Offices)              (Zip Code)
1998 EQUITY INCENTIVE PLAN
(Full Title of the Plan)
Joann Reiter
F5 Networks, Inc.
401 Elliott Avenue West
Seattle, WA  98119
(Name and Address of Agent for Service)
(206) 272-5555
(Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of
Securities
To Be Registered
Amount To
Be Registered
Proposed Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration
Fee
common stock, no par value
1,050,711 shares
$7.00(1)
$7,354,977
949,289
$11.889(2)
$11,286,097(2)
$1,715
(1) The price per share and aggregate offering price for 1,050,711 shares with respect to
outstanding options under the 1998 Equity Incentive Plan are based on an average exercise price of $7.00 per share.
(2) Estimated solely for the purpose of calculating the amount of the registration fee
pursuant to Rule 457(h) promulgated under the Securities Act 1933, as amended (the "Securities Act"). The price per
share and aggregate offering price are based upon the average of the high and low prices of the Company's common stock as
reported on the Nasdaq Stock Market for January 3, 2003 for 949,289 shares reserved for future issuance pursuant to the 1998 Equity
Incentive Plan (pursuant to Rule 457(c) under the Securities Act).
1
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3.  Incorporation of Documents by Reference.
The following documents filed by F5 Networks, Inc. (the "Company") with the
Securities and Exchange Commission are incorporated by reference into this Registration Statement:
Annual Report on Form 10-K for the year ended September 30, 2002;, and
the description of the Company's common stock contained in the Company's Registration Statement Form 8-A, filed May
11, 1999 under the Securities Exchange Act of 1934, as amended (the "Exchange Act") including any amendments or reports
filed for the purposes of updating such description.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be
part hereof from the date of filing of such documents.
Item 4.  Description of Securities.
Not Applicable
Item 5.  Interests of Named Experts and Counsel.
Not Applicable
Item 6.  Indemnification of Directors and Officers.
Sections 23B.08.500 through 23.B.08.600 of the Washington Business Corporation Act (the
"WBCA") authorize a court to award, or a corporation's board of directors to grant, indemnification to directors
and officers on terms sufficiently broad to permit indemnification under certain circumstances for liabilities arising under the
Securities Act of 1933, as amended (the "Securities Act").  Section 23B.08.320 of the WBCA authorizes a
corporation to limit a director's liability to the corporation or its shareholders for monetary damages for acts or omissions
as a director, except in certain circumstances involving intentional misconduct, knowing violations of law or illegal corporate
loans or distributions, or any transaction from which the director personally receives a benefit in money, property or services to
which the director is not legally entitled.
The Company's Second Amended and Restated Articles of Incorporation and Amended and
Restated Bylaws contain provisions permitting the Company to indemnify its directors and officers to the full extent permitted by
Washington law.  In addition, the Company's Second Amended and Restated Articles of Incorporation contain a provision
implementing, to the fullest extent permitted by Washington law, the above limitations on a director's liability to the
Company and its shareholders. The Company has entered into certain indemnification agreements with its directors and certain of its
officers, the form of which is attached as Exhibit 10.1 to its Registration Statement on Form S-1 (File No. 333-75817).  The
indemnification agreements provide the Company's directors and certain of its officers with indemnification to the maximum
extent permitted by the WBCA.  The directors and officers of the Company also may be indemnified against liability they may
incur for serving in that capacity pursuant to a liability insurance policy maintained by the Company for this purpose.
2
Item 7.  Exemption from Registration Claimed.
Not Applicable
Item 8.  Exhibits.
Exhibit
Number
Exhibit
4.1
Second Amended and Restated Articles of Incorporation (Incorporated by reference to
Exhibit 3.2 to the Registrant's Registration Statement on Form S-1, File No. 333-75817).
4.2
Amended and Restated Bylaws (Incorporated by reference to Exhibit 3.4 to the
Registrant's Registration Statement on Form S-1, File No. 333-75817).
4.3
Specimen Stock Certificate (Incorporated by reference to Exhibit 4.1 to the
Registrant's Registration Statement on Form S-1, File No. 333-75817).
5.1
Opinion of Heller Ehrman White & McAuliffe LLP.
10.1
F5 Networks, Inc. 1998 Employee Equity Incentive Plan, as
amended.
(Incorporated
by reference to Registrant's Registration Statement on Form S-1, File No.
333-75817)
23.1
Consent of PricewaterhouseCoopers LLP, Independent Accountants.
23.2
Consent of Heller Ehrman White & McAuliffe LLP (Included in its opinion filed as
Exhibit 5.1).
24.1
Power of Attorney (Included on the signature page of this Registration
Statement).
Item 9.  Undertakings.
(a)           The undersigned Registrant hereby undertakes:
(1)           To file, during any period in which offers or sales are being made,
a post‑effective amendment to this Registration Statement:
(i)            To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(ii)           To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post‑effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in the Registration Statement;
(iii)          To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration
Statement;
Provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the information required to be included in a post‑effective amendment by those paragraphs is contained in periodic reports
filed by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in this Registration Statement.
3
(2)           That, for the purpose of determining any liability under the
Securities Act of 1933, each such post‑effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
(3)           To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the offering.
(b)           The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section
13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the Registration Statement
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c)           Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.  In the
event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or
paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Securities Act of 1933
and will be governed by the final adjudication of such issue.
4
Signatures
The Registrant
.  Pursuant to the requirements of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S‑8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Seattle, State of Washington, on December 10, 2002.
F5 NETWORKS, INC.
By:
/s John McAdam
John
McAdam,
President and Chief Executive Officer
Power of Attorney
Each person whose signature appears below constitutes and appoints John McAdams or Joann
Reiter, or either of them, his true and lawful attorney-in-fact, with the power of substitution and resubstitution, for him in his
name, place or stead, in any and all capacities, to sign any or all amendments to this Registration Statement, and to file the
same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact and their agents or substitutes, may lawfully do or lawfully cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ John McAdam
John McAdam
President, Chief Executive Officer
and Director
(Principal Executive
Officer)
December 10, 2002
/s/ Steven B. Coburn
Steven B. Coburn
Senior Vice President and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
December 12, 2002
/s/ Jeffrey S. Hussey
Jeffrey S. Hussey
Director
December 12, 2002
/s/ Kenny J. Frerichs
Kenny J. Frerichs
Director
December 11, 2002
/s/ Keith D. Grinstein
Keith D. Grinstein
Director
December 12, 2002
5
Signature
Title
Date
/s/ Karl D. Guelich
Karl D. Guelich
Director
December 12, 2002
/s/ Alan Higginson
Alan Higginson
Director
December 11, 2002
6
EXHIBIT INDEX
Exhibit
Number
Exhibit
4.1
Second Amended and Restated Articles of Incorporation (Incorporated by reference to
Exhibit 3.2 to the Registrant's Registration Statement on Form S-1, File No. 333-75817).
4.2
Amended and Restated Bylaws (Incorporated by reference to Exhibit 3.4 to the
Registrant's Registration Statement on Form S-1, File No. 333-75817).
4.3
Specimen Stock Certificate (Incorporated by reference to Exhibit 4.1 to the
Registrant's Registration Statement on Form S-1, File No. 333-75817).
5.1
Opinion of Heller Ehrman White & McAuliffe LLP.
10.1
F5 Networks, Inc. 1998 Employee Equity Incentive Plan, as amended.
(Incorporated
by reference to Registrant's Registration Statement on Form S-1, File No.
333-75817).
23.1
Consent of PricewaterhouseCoopers LLP, Independent Accountants.
23.2
Consent of Heller Ehrman White & McAuliffe LLP (Included in its opinion filed as
Exhibit 5.1).
24.1
Power of Attorney (Included on the signature page of this Registration
Statement).
7