SEC Form 4 · accession 0001391127-18-000096
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Peterschmidt
Director
Period of report
May 29, 2018
Accepted (ET)
May 31, 2018 · 6:07 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 | May 29, 2018 | M | 20,000 | $3.05 | A | 197,871 | D | |
| Common StockF1,F2,F3 | May 29, 2018 | S | 20,000 | $5.07 | D | 177,871 | 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,F4 | $3.05 | May 29, 2018 | M | 20,000 | A | — | Jun 12, 2018 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Exercise of reporting person's stock options that would otherwise expire June 12, 2018 of which shares were sold to pay the exercise price, broker fees and commissions, pursuant to a broker-assisted sell-to-cover order. Options were exercised pursuant to 10b5-1 plan adopted on December 1, 2017.
- 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 $5.02 to $5.16. 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.
- F3This includes 39,585 unvested restricted stock units.
- F4All such options have fully vested.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated June 17, 2009.