SEC Form 4 · accession 0001391127-17-000031

Limelight Networks, Inc. · LLNW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Feb 13, 2017

Accepted (ET)

Feb 15, 2017 · 4:24 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
Common Stock^F1	Feb 13, 2017	M	44,800	$2.09	A	205,926	D
Common Stock^F1,F2	Feb 13, 2017	S	44,800	$2.44	D	161,126	D
Common Stock^F3	Feb 13, 2017	M	7,700	$2.09	A	168,826	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F1,F4	$2.09	Feb 13, 2017	M	44,800	A	—	Feb 27, 2017	Common Stock	44,800	7,700	D
Employee Stock Option (Right to Buy)^F3,F4	$2.09	Feb 13, 2017	M	7,700	A	—	Feb 27, 2017	Common Stock	7,700	0	D

F1Exercise of reporting person's stock options that would otherwise expire February 27, 2017 of which shares were sold to pay the exercise price, and broker fees and commissions, pursuant to a broker-assisted sell-to-cover order.
F2Price reflected is the weighted-average sale price for shares sold. The shares were sold in multiple transactions, and the range of sale prices for the transactions reported was $2.40 to $2.48. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or any staff member of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price.
F3A portion of the proceeds from the sale of 44,800 shares was used to cover the exercise price, fees, and commissions. The reporting person elected to use the remainder of the proceeds to purchase 7,700 shares.
F4All such options have fully vested.

Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated June 17, 2009.