Filing Details
- Accession Number:
- 0001391127-20-000148
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-06-30 20:30:52
- Reporting Period:
- 2020-06-26
- Accepted Time:
- 2020-06-30 20:30:52
- 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 |
|---|---|---|---|---|---|---|---|
| 1638473 | Michael Disanto | 1465 North Scottsdale Road Suite 400 Scottsdale AZ 85257 | Chief Admin. & Legal Officer | No | 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 | 2020-06-26 | 100,000 | $2.39 | 896,074 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-06-26 | 100,000 | $7.30 | 796,074 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2020-06-29 | 65,269 | $2.39 | 861,343 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-06-29 | 65,269 | $7.32 | 796,074 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2020-06-30 | 24,282 | $3.42 | 820,356 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-06-30 | 24,282 | $7.54 | 796,074 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | 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 | 2020-06-26 | 100,000 | $0.00 | 100,000 | $2.39 |
| Common Stock | Employee Stock Option (Right to Buy) | Acquisiton | 2020-06-29 | 65,269 | $0.00 | 65,269 | $2.39 |
| Common Stock | Employee Stock Option (Right to Buy) | Acquisiton | 2020-06-30 | 24,282 | $0.00 | 24,282 | $3.42 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 65,269 | 2026-11-16 | No | 4 | M | Direct | |
| 0 | 2026-11-16 | No | 4 | M | Direct | |
| 213,813 | 2028-11-21 | No | 4 | M | Direct |
Footnotes
- Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on April 27, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire November 16, 2026 of which shares were sold to pay the exercise price, and broker fees and commissions, pursuant to a broker-assisted sell-to-cover order.
- Shares sold pursuant to 10b5-1 plan adopted on April 27, 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 $7.11 to $7.97. 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 142,690 unvested restricted stock units.
- 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 $7.04 to $7.50. 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 April 27, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire November 21, 2028 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 $7.50 to $7.70. 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.
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