Wadsworth Kirby 4
4 · Limelight Networks, Inc. · Filed Mar 5, 2013
Insider Transaction Report
Form 4
Wadsworth Kirby
Chief Marketing Officer
Transactions
- Award
Common Stock
2013-03-01+60,000→ 210,000 total - Award
Non-qualified stock option (Right to Buy)
2013-03-01+90,000→ 90,000 totalExercise: $2.14From: 2014-03-01Exp: 2023-03-01→ Common Stock (90,000 underlying)
Footnotes (4)
- [F1]The Reporting Person received an aggregate of 60,000 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-third (1/3rd) of the restricted stock units will vest on March 1, 2014, and an additional one-twelfth (1/12th) will vest on the first day of each June, September, December, and March, and thereafter for the next seven (7) quarters, provided 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 210,000 unvested restricted stock units.
- [F4]Reporting Person received an aggregate of 90,000 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 stock options subject to the Stock Options vesting on March 1, 2014, and one-thirty-sixth (1/36th) of the Stock Options vesting on the first day of April, 2014, and on the first day of each month thereafter until all of the Stock Options have vested (three years), provided the employee continues to be a Service Provider through each such vesting date.