HARMAN FREDERIC W 4
4 · Limelight Networks, Inc. · Filed Jun 13, 2011
Insider Transaction Report
Form 4
HARMAN FREDERIC W
Director
Transactions
- Award
Common Stock
2011-06-09$4.77/sh−14,966$71,388→ 14,966 total - Award
Non-qualified stock option (Right to Buy)
2011-06-09+23,087→ 23,087 totalExercise: $4.77Exp: 2011-06-09→ Common Stock (23,087 underlying)
Footnotes (5)
- [F1]The Reporting Person received an aggregate of 14,966 restricted stock units, which, if eligible, shall become fully vested and exercisable on the day prior to the Issuer's 2012 annual shareholder meeting (but in no event later than December 31, 2012), subject to Reporting Person's continued services to the Issuer through such date. Each restricted stock unit represents a contingent right to receive one (1) share of the Issuer's Common Stock.
- [F2]Represents 14,966 restricted stock units, which are held by Mr. Harman on behalf of Oak Investment Partners XII, Limited Partnership ("Oak XII, L.P"). Mr. Harman is a Managing Member of Oak Associates XII, L.L.C., the General Partner of Oak XII, L.P.
- [F3]The option shall be fully vested and exercisable on the day prior to the Issuer's 2012 annual shareholder meeting (but in no event later than December 31, 2012), subject to Reporting Person's continued services to the Issuer through such date.
- [F4]$0.00 is used for technical reasons as there is no price for this derivative security until exercised.
- [F5]Represents director options exercisable for 23,087 shares of the Issuer's Common Stock, which are held by Mr. Harman on behalf of Oak XII, L.P. Mr. Harman is a Managing Member of Oak Associates XII, L.L.C., the General Partner of Oak XII, L.P.