Limelight Networks, Inc. 4
4 · Limelight Networks, Inc. · Filed Nov 13, 2013
Insider Transaction Report
Form 4
Lindroth Douglas S
Director
Transactions
- Tax Payment
Common Stock
2013-11-08$1.98/sh−27,246$53,947→ 485,656 total
Footnotes (2)
- [F1]The forfeiture reported in this row represents restricted stock units that were withheld by the Company solely for the purpose of satisfying tax obligations arising upon the accelerated vesting of 72,500 restricted stock units on November 8, 2013.
- [F2]Following Reporting Person's last day of employment on November 8, 2013, vesting for a total of 72,500 restricted stock units was accelerated, of which i) 31,250 were accelerated pursuant to the terms of the transition agreement between the Company and Reporting Person (as described in a Current Report on Form 8-K filed with the SEC on July 24, 2013), and ii) 41,250 were accelerated following discretionary approval by the Company's Compensation Committee based on Reporting Person's performance during the transition period. A total of 83,750 restricted stock units that were not subject to accelerated vesting were cancelled. The amount reflected in this cell reflects the cancellation of these restricted stock units.