AMARAL WALTER 4
4 · Limelight Networks, Inc. · Filed Sep 3, 2020
Insider Transaction Report
Form 4
AMARAL WALTER
Director
Transactions
- Exercise/Conversion
Common Stock
2020-09-01$2.39/sh+36,406$87,010→ 310,351 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-09-01+36,406→ 0 totalExercise: $2.39Exp: 2023-06-06→ Common Stock (36,406 underlying) - Sale
Common Stock
2020-09-01$5.75/sh−36,406$209,335→ 273,945 total
Footnotes (5)
- [F1]Stock option was exercised and shares sold pursuant to 10b5-1 plan adopted on April 29, 2020. This reflects an exercise of reporting person's stock options that would otherwise expire June 6, 2023 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 27,162 unvested restricted stock units.
- [F3]Shares sold pursuant to 10b5-1 plan adopted on April 29, 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 $5.64 to $5.82. 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]All such options were fully vested.