SEC Form 4 · accession 0000769993-17-000579

Limelight Networks, Inc. · LLNW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Mark J Midle

Director

Period of report

Jun 8, 2017

Accepted (ET)

Jun 12, 2017 · 7:04 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001391127

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F2,F1,F3,F4	Jun 8, 2017	A	39,585	$0.00	A	30,591,690	I	See footnotes

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-qualified stock options (right to buy)^F1,F5	$4.10	holding	—	—	—	—	Jun 5, 2025	Common Stock	26,271	26,271	I

Explanation of responses

F1The Reporting Person is a vice president of Goldman Sachs & Co. LLC ("Goldman Sachs"). Goldman Sachs is a subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.
F2The 39,585 shares of common stock, par value $0.001 per share (the "Common Stock"), were granted pursuant to Limelight Network, Inc.'s (the "Company") Amended and Restated 2007 Equity Incentive Plan (the "Plan"), consisting of 39,585 restricted stock units granted to the Reporting Person in his capacity as a director of the Company. The grant of 39,585 restricted stock units, if eligible, shall become fully vested and exercisable on the day prior to the Company's 2018 annual shareholder meeting (but in no event later than December 31, 2018), subject to continued board service through such date. Each restricted stock unit represents a contingent right to receive one share of the Company's Common Stock. The Reporting Person has an understanding with GS Group pursuant to which such shares are held for the benefit of GS Group.
F3GS Group may be deemed to beneficially own, in the aggregate, 317,695 shares of Common Stock that were granted pursuant to the Plan, consisting of 142,831 restricted stock units granted to the Reporting Person, 102,879 restricted stock units that were granted to Joseph H. Gleberman, a former advisory director of Goldman Sachs and 71,985 restricted stock units that were granted to Peter J. Perrone, a former managing director of Goldman Sachs, each in their capacity as directors of the Company. Each restricted stock unit represents a contingent right to receive one share of the Company's Common Stock. The Reporting Person has an understanding with GS Group pursuant to which such shares are held for the benefit of GS Group.
F4Goldman Sachs and GS Group may be deemed to indirectly beneficially own, in the aggregate, 30,272,493 shares of Common Stock through certain investment partnerships of which affiliates of Goldman Sachs and GS Group are the general partner, managing general partner or managing partner (the "Funds"). Goldman Sachs beneficially owns directly and GS Group may be deemed to beneficially own indirectly 1,502 shares of Common Stock and Goldman Sachs also had open short positions of 1,440 shares of Common Stock. Goldman Sachs is the investment manager of certain of the Funds. The securities reported herein as indirectly beneficially owned are beneficially owned directly by Goldman Sachs or the Funds.
F5The options to purchase 26,271 shares of Common Stock were granted to the Reporting Person in his capacity as a director of the Company pursuant to the Plan. The grant of 26,271 options is fully vested and exercisable. The expiration date has been corrected to 6/5/2025. The Reporting Person has an understanding with GS Group pursuant to which he holds such options for the benefit of GS Group.