SEC Form 4 · accession 0001391127-16-000182
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sajid Malhotra
Officer — CFO (Interim)
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 10:11 am 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 | Feb 19, 2016 | A | 57,377 | $1.22 | A | 934,975 | D | |
| Common StockF2 | Feb 19, 2016 | F | 18,765 | $1.22 | D | 916,210 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of a stock award in connection with the Company's 2016 Bonus-for-Equity program made pursuant to the Company's 2007 Equity Incentive Plan. Reporting Person elected to participate in this program and receive payment of 50% of his 2016 bonus in shares of the Company's common stock.
- F2This includes 314,434 unvested restricted stock units.
- F3The forfeiture reported in this row represents shares that were withheld by the Company solely for the purpose of satisfying tax obligations arising upon the issuance of 57,377 shares pursuant to the Company's 2016 Bonus-for-Equity program.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated March 25, 2014.