Statement of Changes in Beneficial Ownership (4)
02 Ottobre 2020 - 11:29PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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AMARAL WALTER |
2. Issuer Name and Ticker or Trading Symbol
Limelight Networks, Inc.
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LLNW
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O LIMELIGHT NETWORKS, INC., 1465 NORTH SCOTTSDALE ROAD, SUITE 400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/1/2020 |
(Street)
SCOTTSDALE, AZ 85257
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 10/1/2020 | | M | | 33559 (1) | A | $2.69 | 307504 (2) | D | |
Common Stock | 10/1/2020 | | S(3) | | 33559 (1) | D | $5.77 (4) | 273945 (2) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (Right to Buy) | $2.69 | 10/1/2020 | | M | | 33559 | | (5) | 6/5/2024 | Common Stock | 33559.0 | $0 | 0 | D | |
Explanation of Responses: |
(1) | Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on April 29, 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. |
(2) | This includes 27,162 unvested restricted stock units. |
(3) | Shares sold pursuant to 10b5-1 plan adopted on April 29, 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 $5.70 to $5.82. 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) | All such options were fully vested. |
Remarks: Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated June 8, 2009. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
AMARAL WALTER C/O LIMELIGHT NETWORKS, INC. 1465 NORTH SCOTTSDALE ROAD, SUITE 400 SCOTTSDALE, AZ 85257 | X |
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Signatures
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Walter Amaral by: /s/ James R. Todd, Attorney-in-Fact | | 10/2/2020 |
**Signature of Reporting Person | Date |
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