LENTO ROBERT A 4
4 · Limelight Networks, Inc. · Filed Nov 4, 2020
Insider Transaction Report
Form 4
LENTO ROBERT A
Interim-CEO
Transactions
- Sale
Common Stock
2020-11-02$3.53/sh−20,833$73,540→ 1,827,695 total - Exercise/Conversion
Common Stock
2020-11-02$1.78/sh+20,833$37,083→ 1,848,528 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-11-02+20,833→ 104,165 totalExercise: $1.78Exp: 2022-11-13→ Common Stock (20,833 underlying)
Holdings
- 10,064(indirect: By: Daughter)
Common Stock
- 34,109(indirect: By: Son)
Common Stock
Footnotes (6)
- [F1]Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on January 31, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire November 13, 2022 of which shares were sold to pay the exercise price, and broker fees and commissions, pursuant to a broker-assisted sell-to-cover order.
- [F2]This includes 407,048 unvested restricted stock units.
- [F3]Shares sold pursuant to 10b5-1 plan adopted on January 31, 2020.
- [F4]Price reflected is the weighted-average sale price for shares sold. The shares were sold in multiple transactions, and the range of sale prices for the transactions reported was $3.45 to $3.63. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or any staff member of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price.
- [F5]Shares held directly by Reporting Person's adult children. The Reporting Person disclaims beneficial ownership of these securities.
- [F6]All such options were fully vested.