Filing Details

Accession Number:
0001391127-20-000280
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-12-03 16:53:14
Reporting Period:
2020-12-01
Accepted Time:
2020-12-03 16:53:14
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1391127 Limelight Networks Inc. LLNW () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1184869 A Robert Lento C/O Limelight Networks, Inc.
1465 North Scottsdale Road, Suite 400
Scottsdale AZ 85257
Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-12-01 20,833 $1.78 2,029,062 No 4 M Direct
Common Stock Disposition 2020-12-01 20,833 $4.45 2,008,229 No 4 S Direct
Common Stock Disposition 2020-12-01 56,895 $4.33 1,951,334 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (Right to Buy) Acquisiton 2020-12-01 20,833 $0.00 20,833 $1.78
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
83,332 2022-11-13 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 10,064 Indirect By: Daughter
Common Stock 34,109 Indirect By: Son
Footnotes
  1. Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on January 31, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire November 13, 2022 of which shares were sold to pay the exercise price, and broker fees and commissions, pursuant to a broker-assisted sell-to-cover order.
  2. This includes 612,708 unvested restricted stock units.
  3. Shares sold pursuant to 10b5-1 plan adopted on January 31, 2020.
  4. Price 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 $4.26 to $4.45. 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.
  5. The 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 132,775 restricted stock units.
  6. This includes 479,933 unvested restricted stock units.
  7. Shares held directly by Reporting Person's adult children. The Reporting Person disclaims beneficial ownership of these securities.
  8. All such options were fully vested.