Limelight Networks, Inc. 4
4 · Limelight Networks, Inc. · Filed Nov 6, 2015
Insider Transaction Report
Form 4
PERRONE PETER J
Director
Transactions
- Award
Common Stock
2015-11-05+132,850→ 777,764 total - Award
Non-qualified stock option (Right to Buy)
2015-11-05+261,905→ 261,905 totalExercise: $2.15From: 2016-12-01Exp: 2025-11-05→ Common Stock (261,905 underlying)
Footnotes (4)
- [F1]The Reporting Person received an aggregate of 132,850 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 RSUs will vest on December 1, 2016, 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 recipient 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 408,614 unvested restricted stock units.
- [F4]Reporting Person received an aggregate of 261,905 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 option will vest on December 1, 2016, and one-thirty-sixth (1/36th) of the stock options will vest on the 1st day of January, 2017 and on the 1st day of each month thereafter until all of the stock options have vested (three years), provided the recipient continues to be a Service Provider through each such vesting date.