4//SEC Filing
Kodukula Indu 4
Accession 0001181431-12-055976
CIK 0001391127other
Filed
Oct 30, 8:00 PM ET
Accepted
Oct 31, 5:30 PM ET
Size
6.2 KB
Accession
0001181431-12-055976
Insider Transaction Report
Form 4
Kodukula Indu
Chief Operating Officer
Transactions
- Award
Common Stock
2012-10-29+475,000→ 475,000 total
Footnotes (4)
- [F1]The Reporting Person received an aggregate of 475,000 restricted stock units. Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and restricted stock unit agreements with the Company, one-sixteenth (1/16) of the restricted stock units will vest on March 1, 2013, and an additional one-sixteenth (1/16th) will vest on the first day of each June, September, December and March, thereafter, provided Reporting Person continues to be a Service Provider through each such vesting date.
- [F2]Notwithstanding any provision to the contrary in the employment agreement between the Reporting Person and the Company, in the event of a Change of Control, (i) fifty percent (50%) of this grant shall immediately vest, provided that the Reporting Person remains a Service Provider on such date, and (ii) in the event Reporting Person's employment is terminated by the Company without Cause, or Reporting Person voluntarily terminates his employment for Good Reason, each of which is defined in the Executive Employment Agreement, within twelve (12) months after such Change of Control, then one hundred percent (100%) of the total number of the then unvested restricted stock units (unvested as of the Change of Control date) will immediately vest.
- [F3]$0.00 is used for technical reasons as there is no price for this security until it vests.
- [F4]This includes 475,000 unvested restricted stock units.
Documents
Issuer
Limelight Networks, Inc.
CIK 0001391127
Entity typeother
Related Parties
1- filerCIK 0001561174
Filing Metadata
- Form type
- 4
- Filed
- Oct 30, 8:00 PM ET
- Accepted
- Oct 31, 5:30 PM ET
- Size
- 6.2 KB