Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Kearny Ryan C.
   2. Issuer Name and Ticker or Trading Symbol
F5 NETWORKS INC [FFIV] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CTO & SVP, Product Development
(Last)
(First)
(Middle)
C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. W.		 3. Date of Earliest Transaction (Month/Day/Year)
05/01/2019
(Street)

SEATTLE, WA 98119		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 05/01/2019   M   4,446 (1) A $ 0 10,978 D  
Common Stock 05/01/2019   S   725 D $ 152.7157 (2) 10,253 D  
Common Stock 05/01/2019   S   2,000 D $ 153.975 (3) 8,253 D  
Common Stock 05/01/2019   S   900 D $ 154.4811 (4) 7,353 D  
Common Stock 05/01/2019   S   200 D $ 156.56 (5) 7,153 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who 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. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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
Restricted Stock Unit (6) $ 0 05/01/2019   M     1,711   (7)   (8) Common Stock 1,711 $ 0 685 D  
Restricted Stock Unit (6) $ 0 05/01/2019   M     1,943   (9)   (8) Common Stock 1,943 $ 0 2,333 D  
Restricted Stock Unit (6) $ 0 05/01/2019   M     792   (10)   (8) Common Stock 792 $ 0 3,047 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Kearny Ryan C.
C/O F5 NETWORKS, INC.
401 ELLIOTT AVE. W.
SEATTLE, WA 98119		       CTO & SVP, Product Development  

Signatures

 /s/ Scot F. Rogers by Power of Attorney   05/03/2019
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Shares acquired upon vesting of the November 1, 2016, November 1, 2017 and November 1, 2018 awards of service-based Restricted Stock Units.
(2) This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $152.32 to $153.27. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
(3) This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $153.38 to $154.37. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
(4) This transaction was executed pursuant to a Rule 10b5-1 trading plan, in multiple trades at prices ranging from $154.39 to $154.57. The reported price is the weighted average sale price. The reporting person undertakes to provide to the Company, any security holder of the Company, or Securities and Exchange Commission staff, upon request, complete information regarding the number of shares sold at each separate price.
(5) This transaction was executed pursuant to a Rule 10b5-1 trading plan.
(6) Each Restricted Stock Unit represents a contingent right to receive one share of F5 Networks, Inc. Common Stock on the vest date.
(7) This November 1, 2016 award of service-based Restricted Stock Units was originally scheduled to vest in sixteen equal quarterly increments beginning February 1, 2017. The vesting of 1,369 Restricted Stock Units was accelerated effective as of May 1, 2019.
(8) If the reporting person continues to serve as an officer of the Company on the vest date, the corresponding number of shares of Common Stock of F5 Networks, Inc. will be issued to the reporting person on the vest date.
(9) This November 1, 2017 award of service-based Restricted Stock Units was originally scheduled to vest in sixteen equal quarterly increments beginning February 1, 2018. The vesting of 1,554 Restricted Stock Units was accelerated effective as of May 1, 2019.
(10) This November 1, 2018 award of service-based Restricted Stock Units was originally scheduled to vest in twelve equal quarterly increments beginning February 1, 2019. The vesting of 443 Restricted Stock Units was accelerated effective as of May 1, 2019.

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.