SEC Form 4 · accession 0001391127-18-000036
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel R Boncel
Officer — Principal Accounting Officer
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 3:10 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 | Mar 1, 2018 | F | 4,273 | $3.97 | D | 247,795 | D | |
| Common StockF4,F5 | Mar 1, 2018 | A | 16,776 | $0.00 | A | 264,571 | 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)F4,F6 | $3.97 | Mar 1, 2018 | A | 25,164 | A | Mar 1, 2019 | Mar 1, 2028 | Common Stock | 25,164 | 25,164 | D |
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 14,505 restricted stock units.
- F2This includes 28,656 unvested restricted stock units.
- F3Reporting Person received an aggregate of 16,776 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 restricted stock units will vest on March 1, 2019, and an additional one-twelfth (1/12th) will vest on the first day of each June, September, December, and March thereafter for the next eight (8) quarters, provided Reporting Person continues to be a Service Provider through each such vesting date.
- F4$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.
- F5This includes 45,432 unvested restricted stock units.
- F6Reporting Person received an aggregate of 25,164 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 Options will vest on March 1, 2019 (the "Vesting Commencement Date"), and one-thirty-sixth (1/36th) of the Shares subject to the Stock Option will vest each month thereafter on the same day of the month as the Vesting Commencement Date until all of the Stock Options have vested (three years), provided the Reporting Person 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 October 8, 2013.