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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $ 6.22 | 05/13/2008 | D | 450,000 | (2) | 04/02/2017 | Common Stock | 450,000 | (1) | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 12 | 05/13/2008 | D | 187,500 | (2) | 04/02/2017 | Common Stock | 187,500 | (1) | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 12 | 05/13/2008 | D | 37,500 | (3) | 04/02/2017 | Common Stock | 37,500 | (1) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hatfield David C/O LIMELIGHT NETWORKS, INC. 2220 W. 14ST STREET TEMPE, AZ 85821 |
SVP Products, Mrkting & Sales |
/s/ Yvonne Martinez, Attorney-in-Fact | 05/13/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On May 13, 2008, the Issuer cancelled, three (3) options granted to the Reporting Person on April 2, 2007. In exchange for the options, the Reporting Person received an aggregate of 337,500 restricted stock units (RSUs) of which 318,750 of the RSUs shall vest in six (6) equal bi-annual installments beginning on December 1, 2008 such that 318,750 of the RSUs shall be fully vested no later than June 1, 2011, and the remaining 18,750 of the RSUs shall vest according to the achievement of certain sales milestones. Each restricted stock unit represents a contingent right to receive one (1) share of the Issuer's Common Stock. |
(2) | The cancelled options provided for a vesting of one-fourth (1/4th) of the shares subject to the option shall vest on the one (1) month anniversary of the vesting commencement date of April 2, 2007 and one forty-eighth (1/48th) monthly thereafter. |
(3) | The cancelled option provided for a performance based vesting. |