SEC Form 4 · accession 0001391127-18-000154
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Lento
Officer — CEO · Director
Period of report
Sep 1, 2018
Accepted (ET)
Sep 6, 2018 · 6:08 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 StockF2 | Sep 1, 2018 | F | 35,668 | $4.82 | D | 1,668,618 | D | |
| Common StockF4,F2 | Sep 4, 2018 | S | 40,000 | $4.89 | D | 1,628,618 | D | |
| Common StockF5 | holding | — | — | — | 4,693 | I | By: Daughter | |
| Common StockF5 | holding | — | — | — | 18,468 | I | By: Son |
Table II — derivative securities
No Table II lines on this filing.
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 83,235 restricted stock units.
- F2This includes 526,878 unvested restricted stock units.
- F3Shares sold pursuant to 10b5-1 plan adopted on December 1, 2017.
- F4Price 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 $4.83 to $5.00. 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.
- F5Shares held directly by Reporting Person's adult children. The Reporting Person disclaims beneficial ownership of these securities.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated November 26, 2012.