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Filing Details

Accession Number:: 0000769993-17-000768
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-12-07 17:19:54
Reporting Period:: 2017-12-05

Accepted Time:: 2017-12-07 17:19:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1391127	Limelight Networks Inc.	LLNW	()	NY

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
769993	Goldman Sachs & Co. Llc	200 West Street New York NY 10282	No	No	No	No
886982	Goldman Sachs Group Inc	200 West Street New York NY 10282	No	No	No	No
1232073	Goldman, Sachs Management Gp Gmbh	200 West Street New York NY 10282	No	No	No	No
1322225	Gs Capital Partners V Institutional, L.p.	200 West Street New York NY 10282	No	No	No	No
1359609	Gscp V Advisors, L.l.c.	200 West Street New York NY 10282	No	No	No	No
1359610	Gscp V Offshore Advisors, L.l.c.	200 West Street New York NY 10282	No	No	No	No
1359612	Gs Capital Partners V Offshore Fund, L.p.	200 West Street New York NY 10282	No	No	No	No
1359613	Gs Capital Partners V Fund, L.p.	200 West Street New York NY 10282	No	No	No	No
1359670	Gs Capital Partners V Gmbh & Co. Kg	200 West Street New York NY 10282	No	No	No	No
1589295	Mbd Advisors, L.l.c.	200 West Street New York NY 10282	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2017-12-05	15,000,000	$4.35	15,714,190	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes

Footnotes

This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs & Co. LLC ("Goldman Sachs"), GSCP V Advisors, L.L.C. ("GSCP Advisors"), GSCP V Offshore Advisors, L.L.C. ("GSCP Offshore Advisors"), MBD Advisors, L.L.C. ("MBD Advisors"), Goldman, Sachs Management GP GmbH ("GS GmbH"), GS Capital Partners V Fund, L.P. ("GS Capital"), GS Capital Partners V Offshore Fund, L.P. ("GS Offshore"), GS Capital Partners V GmbH & Co. KG ("GS Germany"), GS Capital Partners V Institutional, L.P. ("GS Institutional" and, together with GS Capital, GS Offshore and GS Germany, the "Funds") (GS Group, Goldman Sachs, GSCP Advisors, GSCP Offshore Advisors, MBD Advisors, GS GmbH and the Funds, collectively, the "Reporting Persons").
The selling stockholders, which consisted of GS Capital, GS Offshore, GS Germany and GS Institutional, sold 15,000,000 shares of common stock, par value $0.001 per share (the "Common Stock"), of Limelight Networks, Inc. (the "Company") to the underwriters in a registered public offering of shares of Common Stock, pursuant to the final prospectus supplement filed by the Company and dated November 30, 2017, which offering was consummated on December 5, 2017. The sale by the selling stockholders consisted of 7,898,400 shares of Common Stock sold by GS Capital, 4,079,985 shares of Common Stock sold by GS Offshore, 313,140 shares of Common Stock sold by GS Germany and 2,708,475 shares of Common Stock sold by GS Institutional.
GS Group may be deemed to beneficially own, in the aggregate, 317,695 shares of Common Stock that were granted pursuant to the Amended and Restated 2007 Equity Plan (the "Plan"), consisting of 142,831 restricted stock units granted to Mr. Midle, a vice president of Goldman Sachs, 102,879 restricted stock units that were granted to Joseph H. Gleberman, a former advisory director of Goldman Sachs, and 71,985 restricted stock units that were granted to Peter J. Perrone, a former managing director of Goldman Sachs, each in their capacity as directors of the Company. Each restricted stock unit represents a contingent right to receive one share of the Company's Common Stock. Mr. Midle has an understanding with GS Group pursuant to which such shares are held for the benefit of GS Group.
GS Group and Goldman Sachs may be deemed to beneficially own indirectly, in the aggregate, 15,272,493 shares of the Company's Common Stock by reason of the direct ownership of Common Stock by the Funds. Goldman Sachs beneficially owns directly and GS Group may be deemed to beneficially own indirectly 124,002 shares of Common Stock and Goldman Sachs also had open short positions of 1,550 shares of Common Stock, reflecting changes due to exempt transactions. Affiliates of Goldman Sachs and GS Group are the general partner, managing general partner or managing partner of the Funds. Goldman Sachs is the investment manager of certain of the Funds. Goldman Sachs is a subsidiary of GS Group. GS Group and Goldman Sachs each disclaims beneficial ownership of the shares of Common Stock owned by the Funds except to the extent of its pecuniary interest therein.
GS Capital beneficially owns directly and its general partner, GSCP Advisors, may be deemed to beneficially own indirectly 8,041,883 shares of Common Stock. GS Offshore beneficially owns directly and its general partner, GSCP Offshore Advisors, may be deemed to beneficially own indirectly 4,154,102 shares of Common Stock. GS Germany beneficially owns directly and its general partner, GS GmbH, may be deemed to beneficially own indirectly 318,830 shares of Common Stock. GS Institutional beneficially owns directly and its general partner, MBD Advisors, may be deemed to beneficially own indirectly 2,757,678 shares of Common Stock.
The Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.