Initial Statement of Beneficial Ownership (3)
February 08 2022 - 6:31PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
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1. Name and Address of Reporting Person
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Austin Kathy |
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/25/2022
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3. Issuer Name and Ticker or Trading Symbol
Limelight Networks, Inc. [LLNW]
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(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
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Table I - Non-Derivative Securities Beneficially Owned
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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)
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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 Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount 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
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Austin Kathy 2220 W. 14TH STREET TEMPE, AZ 85281 |
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| SVP Chief People Officer |
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Signatures
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Kathy Austin by: James R. Todd, Attorney-In-Fact | | 2/8/2022 |
**Signature of Reporting Person | Date |
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