SEC Form 4 · accession 0001391127-17-000024
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Vonderhaar
Officer — Chief Sales Officer
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 3:23 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 | Feb 10, 2017 | A | 37,591 | $2.47 | A | 722,558 | D | |
| Common StockF2 | Feb 10, 2017 | F | 11,591 | $2.47 | D | 710,967 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of stock received in connection with Reporting Person's 2016 Management Bonus Program bonus payout. Reporting Person was also a participant in the 2016 Retention Program. Pursuant to the terms of the 2016 Retention Program, each participant could elect at the time of payment of the 2016 Management Bonus whether to take the Retention Program portion of payment in cash, stock, or some combination thereof. Reporting person elected to receive his entire Retention Program payment (or 50% of total fiscal 2016 bonus) in shares of the Company's common stock.
- F2This includes 259,245 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 in connection with the issuance of 37,591 shares pursuant to the Retention Program.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated February 7, 2013.