SEC Form 4 · accession 0001638473-15-000004
Limelight Networks, Inc. · LLNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael DiSanto
Officer — Chief Admin. & Legal Officer
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 5:46 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,F3 | Apr 1, 2015 | A | 75,000 | $0.00 | A | 75,000 | D | |
| Common StockF2,F5 | Apr 1, 2015 | A | 150,000 | $0.00 | A | 225,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting Person received an aggregate of 75,000 restricted stock units. Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and restricted stock unit agreements with the Company, 100% of the restricted stock units will vest on May 1, 2015, provided the Reporting Person continues to be a Service Provider through the vesting date.
- F2$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.
- F3This includes 75,000 unvested restricted stock units.
- F4Reporting Person received an aggregate of 150,000 restricted stock units. Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and restricted stock unit agreements with the Company, one-quarter (1/4th) of the restricted stock units will vest on June 1, 2016 (the "Vesting Commencement Date"), and one-sixteenth (1/16th) of the restricted stock units will vest on September 1, 2016 and an additional one-sixteenth (1/16th) will vest on the first day of each December, March, June, and September thereafter until all of the restricted stock units have vested (four years), provided the Reporting Person continues to be a Service Provider through each such vesting date.
- F5This includes 225,000 unvested restricted stock units.
Remarks
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated April 1, 2015.