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Filing Details

Accession Number:: 0001181431-10-041665
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-08-12 13:00:00
Reporting Period:: 2010-08-10

Filing Date:: 2010-08-12
Accepted Time:: 2010-08-12 17:18:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1391127	Limelight Networks Inc.	LLNW	Services-Business Services, Nec (7389)	201677033

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1393082	F Nathan Raciborski	C/O Limelight Networks, Inc. 2220 W. 14St Street Tempe AZ 85821	Chief Technical Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-08-10	25,624	$0.00	1,336,177	No	4	A	Direct
Common Stock	Disposition	2010-08-10	6,778	$3.92	1,329,399	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	850,017	Indirect	See footnote
Common Stock	2,500,000	Indirect	See footnote

Footnotes

On June 1, 2009, Reporting Person was granted 85,000 performance-based restricted stock units, each representing a contingent right to receive one share of Limelight Networks common stock at no cost. The actual award could have been as low as 0 shares or as high as 85,000 shares based upon the achievement of certain revenue and adjusted EBIT performance metrics during the performance period. Following the conclusion of the performance period, it was determined that the performance was achieved at a level that entitled Reporting Person to be eligible to receive 90.4% of the award, or 76,874 shares. On August 10, 2010, the first 1/3 of the award vested and converted into 25,624 shares.
The amount in this column previously reflected the entire June 1, 2010 award of 85,000 performance-based restricted stock units. It was determined that the performance was achieved at a level that entitled Reporting Person to be eligible to receive 90.4% of the award, or 76,874 shares. The amount currently in this column has been updated to reflect that 25,624 restricted stock units vested and were delivered to Reporting Person on August 10, 2010 and that 51,250 restricted stock units remain eligible to vest subject to service requirement.
The sale 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 25,624 restricted stock units.
Shares held by the Raciborski Family Children's Irrevocable Trust dated October 16, 2009 for which the Reporting Person serves as a Trustee.
Shares held directly by Nathan Raciborski Grantor Retained Annuity Trust dated December 15, 2009 for which the Reporting Person serves as a Trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.