Accession Number: | 0001391127-21-000131 |
Date: | 2021-08-02 |
Issuer: | LIMELIGHT NETWORKS, INC. (LLNW) |
Original Submission Date: |
LYONS BOB
C/O LIMELIGHT NETWORKS, INC.
1465 NORTH SCOTTSDALE ROAD, SUITE 400
SCOTTSDALE, AZ 85257
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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COMMON STOCK | 2021-08-02 | A | 80,071 | a | $2.97 | 441,218 | direct | ||
COMMON STOCK | 2021-08-02 | F | 19,498 | d | $2.97 | 421,720 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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ID | footnote |
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f1 | pursuant to reporting person's employment agreement, he was to receive $225,000 of his cash signing bonus on the six-month anniversary of his employment with the company. reporting person desired to convey confidence in the company's ability to execute against its plans and requested that the signing bonus due to him be converted into company stock. on july 31, 2021, the compensation committee approved entry into an amendment to the reporting person's employment agreement converting the signing bonus into 80,071 immediately-vested rsus. |
f2 | this includes 361,147 unvested restricted stock units. |
f3 | the forfeiture reported in this row represents shares that were withheld by the company solely for the purpose of satisfying tax obligations arising upon the issuance of 80,071 shares. |