Limelight Networks, Inc. 4
4 · Limelight Networks, Inc. · Filed Nov 14, 2014
Insider Transaction Report
Form 4
Wadsworth Kirby
Chief Marketing Officer
Transactions
- Award
Common Stock
2014-11-13+63,000→ 367,583 total - Award
Non-qualified stock option (Right to Buy)
2014-11-13+94,000→ 94,000 totalExercise: $2.69From: 2015-12-01Exp: 2024-11-13→ Common Stock (94,000 underlying)
Footnotes (4)
- [F1]Reporting Person received an aggregate of 63,000 restricted stock units ("RSU"). Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and RSU agreements with the Company, one-third (1/3rd) of the RSUs will vest on December 1, 2015, and one-twelfth (1/12th) of the RSUs will vest on the first day of each June, September, December and March thereafter for eight (8) consecutive quarters, provided the Reporting Person continues to be a Service Provider through each such vesting date.
- [F2]$0.00 is used for technical reasons as there is no price for this security until it vests in the case of RSUs, or until it is exercised in the case of stock options.
- [F3]This includes 261,788 unvested restricted stock units.
- [F4]Reporting Person received an aggregate of 94,000 stock options. Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and stock option agreements with the Company, one-third (1/3rd) of the shares subject to the stock options will vest on December 1, 2015, and one-thirty-sixth (1/36th) of the Shares subject to the stock option will vest on the 1st day of January, 2016, and on the 1st day of each month thereafter until all of the stock options have vested (three years), provided the Reporting Person continues to be a Service Provider through each such vesting date.