SEC Form 4 · accession 0001391127-16-000330
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael DiSanto
Officer — Chief Admin. & Legal Officer
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 4:03 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 16, 2016 | A | 143,000 | $0.00 | A | 566,976 | D | |
| Common StockF2,F4 | Nov 16, 2016 | A | 45,000 | $0.00 | A | 611,976 | 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,F5 | $2.39 | Nov 16, 2016 | A | 270,000 | A | Dec 1, 2017 | Nov 16, 2026 | Common Stock | 270,000 | 270,000 | D |
| Non-qualified stock option (Right to Buy)F5 | $2.39 | Nov 16, 2016 | A | 86,000 | A | Dec 1, 2017 | Nov 16, 2026 | Common Stock | 86,000 | 86,000 | D |
Explanation of responses
- F1The Reporting Person received an aggregate of 188,000 restricted stock units. Subject to the provisions of the Amended and Restated 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, 2017, and one-twelfth (1/12th) of the RSUs will vest on the first day of each March, June, September, and December 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 369,313 unvested restricted stock units.
- F4This includes 414,313 unvested restricted stock units.
- F5Reporting Person received an aggregate of 356,000 stock options. Subject to the provisions of the Amended and Restated 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, 2017, and one-thirty-sixth (1/36th) of the stock options will vest on the 1st day of January, 2018 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 April 1, 2015.