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Filing Details

Accession Number:: 0001391127-20-000057
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-04-16 18:20:52
Reporting Period:: 2020-04-14

Accepted Time:: 2020-04-16 18:20:52
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
1256325	David Peterschmidt	C/O Limelight Networks, Inc. 1465 North Scottsdale Road, Suite 400 Scottsdale AZ 85257		Yes	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
Common Stock	Disposition	2020-04-14	18,500	$6.04	181,557	No	4	S	Direct
Common Stock	Acquisiton	2020-04-14	36,406	$2.39	217,963	No	4	M	Direct
Common Stock	Disposition	2020-04-14	36,406	$6.41	181,557	No	4	S	Direct
Common Stock	Acquisiton	2020-04-14	34,025	$2.40	215,582	No	4	M	Direct
Common Stock	Disposition	2020-04-14	34,025	$6.41	181,557	No	4	S	Direct
Common Stock	Disposition	2020-04-14	20,000	$6.51	161,557	No	4	S	Direct
Common Stock	Acquisiton	2020-04-15	3,965	$2.69	165,522	No	4	M	Direct
Common Stock	Disposition	2020-04-15	3,965	$6.70	161,557	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Buy)	Acquisiton	2020-04-14	36,406	$0.00	36,406	$2.69
Common Stock	Employee Stock Option (Right to Buy)	Acquisiton	2020-04-14	34,025	$0.00	34,025	$2.40
Common Stock	Employee Stock Option (Right to Buy)	Acquisiton	2020-04-15	3,965	$0.00	3,965	$2.69

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2023-06-06	No	4	M	Direct
2022-06-07	No	4	M	Direct
2024-06-05	No	4	M	Direct

Footnotes

Shares sold pursuant to 10b5-1 plan adopted on February 18, 2020.
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 $6.00 to $6.12. 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.
This includes 45,692 unvested restricted stock units.
Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on February 18, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire June 6, 2023 of which shares were sold to pay the exercise price, and broker fees and commissions, pursuant to a broker-assisted sell-to-cover order.
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 $6.40 to $6.43. 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.
Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on February 18, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire June 7, 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.
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 $6.40 to $6.44 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.
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 $6.50 to $6.55. 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.
Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on February 18, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire June 5, 2024 of which shares were sold to pay the exercise price, and broker fees and commissions, pursuant to a broker-assisted sell-to-cover order.
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 $6.70 to $6.72 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.
All such options were fully vested.