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LLNW Limelight Networks Inc

2.46
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Limelight Networks Inc NASDAQ:LLNW NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.46 2.46 2.50 0 01:00:00

Initial Statement of Beneficial Ownership (3)

08/02/2022 11:31pm

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response...
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Austin Kathy
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/25/2022 

3. Issuer Name and Ticker or Trading Symbol

Limelight Networks, Inc. [LLNW]
(Last)        (First)        (Middle)

2220 W. 14TH STREET
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
SVP Chief People Officer /
(Street)

TEMPE, AZ 85281      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 40000 (1)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-qualified stock option (Right to Buy) 5/3/2022 5/3/2031 Common Stock 79870.0 (2)$3.21 D  

Explanation of Responses:
(1) Reporting Person received an aggregate of 40,000 RSUs. 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 quarter (1/4th) of the RSUs will vest on June 1, 2022, and an additional one quarter (1/4th) will vest on the annual anniversary of the first vesting date for three (3) additional years, provided the Reporting Person continues to be a Service Provider through the vesting date.
(2) Reporting Person received an aggregate of 79,870 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-quarter (1/4th) of the shares subject to the Stock Option will vest on June 1, 2022, and one-thirty-sixth (1/36th) of the shares subject to the Stock Option will vest on the 1st day of July 2022, and on the 1st day of each month thereafter until all of the Stock Options have vested (three years), provided the Reporting Person continues to be a Service Provider through each such vesting date.

Remarks:
Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated January 25, 2022.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Austin Kathy
2220 W. 14TH STREET
TEMPE, AZ 85281


SVP Chief People Officer

Signatures
Kathy Austin by: James R. Todd, Attorney-In-Fact2/8/2022
**Signature of Reporting PersonDate

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