SEC Form 4 · accession 0001391127-19-000022
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Marth
Officer — SVP Sales
Period of report
Feb 1, 2019
Accepted (ET)
Feb 5, 2019 · 5:19 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 StockF1 | holding | — | — | — | 200,000 | 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)F3,F2 | $3.11 | Feb 1, 2019 | A | 200,000 | A | Jan 1, 2020 | Jan 31, 2029 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1This includes 200,000 unvested restricted stock units.
- F2Reporting Person received an aggregate of 200,000 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-quarter (1/4th) of the shares subject to the Stock Option will vest on January 1, 2020, (the "Vesting Commencement Date"), and one-thirty-sixth (1/36th) of the shares subject to the Stock Option will vest on the 1st day of February, 2020, and on the 1st day of each month thereafter 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.
- F3$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.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated December 11, 2018.