Sec Form 4/A Filing - MOORMAN LEW @ RACKSPACE HOSTING, INC. - 2012-05-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4/A
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
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: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
MOORMAN LEW
2. Issuer Name and Ticker or Trading Symbol
RACKSPACE HOSTING, INC. [ RAX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President, Cloud
(Last) (First) (Middle)
C/O RACKSPACE HOSTING, INC.,, 5000 WALZEM ROAD
3. Date of Earliest Transaction (MM/DD/YY)
05/01/2012
(Street)
SAN ANTONIO, TX78218
4. If Amendment, Date Original Filed (MM/DD/YY)
05/03/2012
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/01/2012 S 750 ( 1 ) D $ 59.0198 ( 7 ) ( 8 ) 5,847 I The Sarah Ladd Moorman 2007 Trust ( 10 )
Common Stock 05/01/2012 S 750 ( 2 ) D $ 59.0198 ( 7 ) ( 8 ) 5,847 I Held by the Reese Howell Moorman 2007 Trust ( 10 )
Common Stock 05/01/2012 S 750 ( 3 ) D $ 59.0198 ( 7 ) ( 8 ) 5,847 I Held by the John Wood Moorman 2007 Trust ( 10 )
Common Stock 05/03/2012 M 60,000 A $ 2.5 803,777 ( 13 ) D
Common Stock 05/03/2012 S 60,000 ( 4 ) D $ 59.2155 ( 8 ) ( 9 ) 743,777 ( 13 ) D
Common Stock 05/03/2012 S 3,000 ( 5 ) D $ 59.2155 ( 8 ) ( 9 ) 49,902 I Held by Mr. Moorman's wife ( 10 )
Common Stock 05/03/2012 S 11,750 ( 6 ) D $ 59.2155 ( 8 ) ( 9 ) 132,843 I Held by the Lewis Jefferson Moorman IV 2007 Trust ( 10 )
Common Stock 140,810 I Held by the Laura Howell Moorman 2009 Trust ( 10 ) ( 11 )
Common Stock 140,810 I Lewis Jefferson Moorman IV 2009 Trust ( 10 ) ( 12 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Employee Stock Option (Right to Buy) $ 2.5 05/03/2012 M 60,000 12/31/2009 12/31/2015 Common Stock 60,000 ( 13 ) $ 0 156,519 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MOORMAN LEW
C/O RACKSPACE HOSTING, INC.,
5000 WALZEM ROAD
SAN ANTONIO, TX78218
X President, Cloud
Signatures
/s/ William Alberts by Power of Attorney 07/09/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were sold pursuant to the Rule 10b5-1 trading plan adopted by the Trustee of the Sarah Ladd Moorman 2007 Trust.
( 2 )These shares were sold pursuant to the Rule 10b5-1 trading plan adopted by the Trustee of the Reese Howell Moorman 2007 Trust.
( 3 )These shares were sold pursuant to the Rule 10b5-1 trading plan adopted by the Trustee of the John Wood Moorman 2007 Trust.
( 4 )These shares were sold pursuant to Mr. Moorman's Rule 10b5-1 trading plan.
( 5 )These shares were sold pursuant to Laura Moorman's Rule 10b5-1 trading plan.
( 6 )These shares were sold pursuant to the Rule 10b5-1 trading plan adopted by the Trustee of the Lewis Jefferson Moorman IV Trust.
( 7 )The prices for the sale of these shares ranged from $57.85 to $59.83 per share.
( 8 )The registrant undertakes to provide, upon request by 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.
( 9 )The prices for the sale of these shares ranged from $58.36 to $60.45 per share.
( 10 )Mr. Moorman disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
( 11 )Mr. Moorman's wife is the Trustee of the Laura Howell Moorman 2009 Grantor Retained Annuity Trust.
( 12 )Mr. Moorman is the trustee of the Lewis Jefferson Moorman IV 2009 Grantor Retained Annuity Trust.
( 13 )Amended solely for the purpose of including the exercise of an option for 60,000 shares which was previously excluded.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.