Malhotra Sajid 4
4 · Limelight Networks, Inc. · Filed Nov 14, 2019
Insider Transaction Report
Form 4
Malhotra Sajid
SVP Strat, Corp Dev & IR
Transactions
- Award
Common Stock
2019-11-12+100,000→ 1,360,892 total - Award
Non-qualified stock option (Right to Buy)
2019-11-12+198,940→ 198,940 totalExercise: $4.55From: 2020-12-01Exp: 2029-11-11→ Common Stock (198,940 underlying)
Holdings
- 21,000(indirect: By: Daughter)
Common Stock
- 21,000(indirect: By: Son)
Common Stock
Footnotes (5)
- [F1]The Reporting Person received an aggregate of 100,000 restricted stock units. Subject to the provisions of the Amended and Restated 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, 2020, and one-twelfth (1/12th) of the RSUs will vest on the first day of each March, June, September, and December 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 295,610 unvested restricted stock units.
- [F4]Shares held directly by Reporting Person's adult children. The Reporting Person disclaims beneficial ownership of these securities.
- [F5]Reporting Person received an aggregate of 198,940 stock options. Subject to the provisions of the Amended and Restated 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, 2020, and one-thirty-sixth (1/36th) of the stock options will vest on the 1st day of January, 2021 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.