SEC Form 4 · accession 0001391127-15-000131
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt Silverman
Officer — Senior Vice President-Dev.
Period of report
Nov 5, 2015
Accepted (ET)
Nov 6, 2015 · 2:35 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,F3 | Nov 5, 2015 | A | 123,188 | $0.00 | A | 553,979 | 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)F2,F4 | $2.15 | Nov 5, 2015 | A | 214,286 | A | Dec 1, 2016 | Nov 5, 2025 | Common Stock | 214,286 | 214,286 | D |
Explanation of responses
- F1The Reporting Person received an aggregate of 123,188 restricted stock units. Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and restricted stock unit agreements with the Company, one-third (1/3rd) of the RSUs will vest on December 1, 2016, and one-twelfth (1/12th) of the RSUs will vest on the first day of each June, September, December and March thereafter for eight (8) consecutive quarters, provided the recipient continues to be a Service Provider through each such vesting date.
- 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 339,942 unvested restricted stock units.
- F4Reporting Person received an aggregate of 214,286 stock options. Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and stock option agreements with the Company, one-third (1/3rd) of the shares subject to the stock option will vest on December 1, 2016, and one-thirty-sixth (1/36th) of the stock options will vest on the 1st day of January, 2017 and on the 1st day of each month thereafter until all of the stock options have vested (three years), provided the recipient continues to be a Service Provider through each such vesting date.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated November 7, 2013.