SEC Form 4 · accession 0001391127-18-000069
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey T Fisher
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 26, 2018 · 4:56 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 | Apr 24, 2018 | M | 52,500 | $2.70 | A | 326,396 | D | |
| Common StockF1,F2 | Apr 24, 2018 | S | 52,500 | $4.96 | D | 273,896 | D |
Table II — derivative securities
| 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,F3 | $2.70 | Apr 24, 2018 | M | 52,500 | A | — | Nov 11, 2018 | Common Stock | 52,500 | 0 | D |
Explanation of responses
- F1Exercise of reporting person's stock options that would otherwise expire November 11, 2018 of which shares were sold to pay the exercise price, and broker fees and commissions, pursuant to abroker-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 $4.95-$5.03. 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. The Reporting Person completed this option exercise for cash.
- F3All such options have fully vested.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated June 3, 2009.