Boncel Daniel R 4
4 · Limelight Networks, Inc. · Filed Jul 28, 2020
Insider Transaction Report
Form 4
Boncel Daniel R
Principal Accounting Officer
Transactions
- Award
Common Stock
2020-07-24+3,215→ 214,405 total - Award
Non-qualified stock option (Right to Buy)
2020-07-24+3,215→ 3,215 totalExercise: $6.22From: 2021-09-01Exp: 2030-07-23→ Common Stock (3,215 underlying)
Footnotes (4)
- [F1]The Reporting Person received an aggregate of 3,215 restricted stock units in connection with Reporting Person's promotion to CFO. 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 September 1, 2021, and one-twelfth (1/12th) of the RSUs will vest on the first day of each December, March, June, and September 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 32,467 unvested restricted stock units.
- [F4]Reporting Person received an aggregate of 3,215 stock options in connection with Reporting Person's promotion to CFO. 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 July 24, 2021, and one-thirty-sixth (1/36th) of the stock options will vest on the 24th day of August, 2021 and on the 24th 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.