SEC Form 4 · accession 0001638473-15-000006
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
May 5, 2015
Accepted (ET)
May 7, 2015 · 3:03 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 | holding | — | — | — | 225,000 | 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 | $3.95 | May 5, 2015 | A | 300,000 | A | Apr 1, 2016 | Apr 1, 2025 | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F1This includes 150,000 unvested restricted stock units.
- F2Reporting Person received an aggregate of 300,000 stock options. Subject to the provisions of the 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 April 1, 2016, (the "Vesting Commencement Date"), and one-forty-eighth (1/48th) of the shares subject to the Stock Option will vest on the 1st day of May, 2016, and on the 1st day of each month thereafter until all of the Stock Options have vested (four 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 April 1, 2015.