SEC Form 4 · accession 0001391127-16-000250
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter Amaral
Director
Period of report
Jun 8, 2016
Accepted (ET)
Jun 10, 2016 · 4:16 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 | Jun 8, 2016 | F | 3,998 | $1.41 | D | 89,150 | D | |
| Common StockF2,F3,F4 | Jun 9, 2016 | A | 87,256 | $0.00 | A | 176,406 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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 15,990 restricted stock units.
- F2The Reporting Person received an aggregate of 87,256 restricted stock units, which, if eligible, shall become fully vested and exercisable on the day prior to the Issuer's 2017 annual shareholder meeting (but in no event later than December 31, 2017), 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.
- F3$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.
- F4This includes 87,256 unvested restricted stock units.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated June 8, 2009.