David Peterschmidt - Jun 2, 2021 Form 4 Insider Report for Limelight Networks, Inc. (EGIO)

Role
Director
Signature
David Peterschmidt by: /s/ James R. Todd, Attorney-in-Fact
Stock symbol
EGIO
Transactions as of
Jun 2, 2021
Transactions value $
-$85,207
Form type
4
Date filed
6/4/2021, 06:57 PM
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGIO Common Stock Tax liability -$29.9K -9.51K -16.46% $3.15 48.3K Jun 2, 2021 Direct F1
transaction EGIO Common Stock Award $0 +45.5K +94.23% $0.00 93.7K Jun 3, 2021 Direct F2, F3, F4
transaction EGIO Common Stock Sale -$55.3K -17.7K -18.84% $3.13 76.1K Jun 4, 2021 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The forfeiture reported in this row represents restricted stock units that were withheld by the Company solely for the purpose of satisfying tax obligations arising upon the automatic vesting of 27,162 restricted stock units.
F2 The Reporting Person received an aggregate of 45,474 restricted stock units, which, if eligible, shall become fully vested and exercisable on the day prior to the Issuer's 2022 annual shareholder meeting (but in no event later than December 31, 2022), subject to Reporting Person's continued services to the Issuer through such date. Each restricted stock unit represents a contingent right to receive one (1) share of the Issuer's Common Stock.
F3 $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.
F4 This includes 45,474 unvested restricted stock units.
F5 Shares sold pursuant to 10b5-1 plan adopted on February 18, 2020.
F6 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 $3.08 to $3.20. 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.

Remarks:

Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated June 17, 2009.