SEC Form 4 · accession 0001391127-15-000084
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gray Hall
Director
Period of report
Jun 4, 2015
Accepted (ET)
Jun 5, 2015 · 1:00 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 StockF1,F2,F3 | Jun 4, 2015 | A | 15,990 | $0.00 | A | 90,990 | D |
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 option (Right to Buy)F4 | $4.10 | Jun 4, 2015 | A | 26,271 | A | — | Jun 4, 2025 | Common Stock | 26,271 | 26,271 | D |
Explanation of responses
- F1The Reporting Person received an aggregate of 15,990 restricted stock units, which, if eligible, shall become fully vested and exercisable on the day prior to the Issuer's 2016 annual shareholder meeting (but in no event later than December 31, 2016), subject to Reporting Person's continued services to the Issuer through such date. Each restricted stock unit represents a contingent right to receive one (1) share of the Issuer's Common Stock.
- F2$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.
- F3This includes 53,490 unvested restricted stock units.
- F4The option shall be fully vested and exercisable on the day prior to the Issuer's 2016 annual shareholder meeting (but in no event later than December 31, 2016), subject to Reporting Person's continued services to the Issuer through such date.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated April 8, 2014.