SEC Form 4 · accession 0001391127-15-000021
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirby Wadsworth
Officer — Chief Marketing Officer
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 2:13 pm EST
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 StockF2 | Mar 2, 2015 | P | 29,411 | $3.40 | A | 396,382 | D | |
| Common StockF4,F5 | Mar 2, 2015 | A | 5,882 | $0.00 | A | 402,264 | D | |
| Common StockF7 | Mar 2, 2015 | F | 16,586 | $3.40 | D | 385,678 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The number of securities reported in this row represents the total number of shares purchased by Reporting Person pursuant to the 2015 Officer Stock Ownership Program, a description of which can be found in the current report on Form 8-K filed with the Security Exchange Commission on February 20, 2015.
- F2This includes 248,390 unvested restricted stock units.
- F3Restricted Stock Unit ("RSU") grant pursuant to the 2015 Officer Stock Ownership Program (the "Program"). Reporting Person received a total of 5,882 RSUs, which is equal to 20% of the total shares purchased under the Program. Subject to the provisions of the 2007 Equity Incentive Plan, the RSU grant will vest on the one year anniversary of the date of grant (the "Vesting Date"), provided the Reporting Person does not assign, transfer, pledge or otherwise dispose of the purchased shares prior to the Vesting Date, and remains a Service Provider to the Company through the Vesting Date.
- F4$0.00 is used for technical reasons as there is no price for this security until it vests in the case of RSUs, or until it is exercised in the case of stock options.
- F5This includes 254,272 unvested restricted stock units.
- F6The forfeiture reported in this row represents restricted stock units that were withheld by the Company solely for the purpose of satisfying tax obligations arising upon the automatic vesting of 50,094 restricted stock units.
- F7This includes 204,178 unvested restricted stock units.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated June 22, 2012.