LENTO ROBERT A 4
4 · Limelight Networks, Inc. · Filed Nov 10, 2020
Insider Transaction Report
Form 4
LENTO ROBERT A
Interim-CEO
Transactions
- Award
Common Stock
2020-11-07+205,660→ 2,033,355 total - Award
Non-qualified stock option (Right to Buy)
2020-11-09+409,120→ 409,120 totalExercise: $3.93From: 2021-12-01Exp: 2030-11-09→ Common Stock (409,120 underlying)
Holdings
- 10,064(indirect: By: Daughter)
Common Stock
- 34,109(indirect: By: Son)
Common Stock
Footnotes (5)
- [F1]The Reporting Person received an aggregate of 205,660 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, 2021, 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 612,708 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 409,120 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, 2021, and one-thirty-sixth (1/36th) of the stock options will vest on the 1st day of January 2022 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.