Doug Bewsher - 08 Jun 2022 Form 4 Insider Report for Limelight Networks, Inc.

Role
Director
Signature
Doug Bewsher /s/ Michael DiSanto, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
08 Jun 2022
Net transactions value
-$50,386
Form type
4
Filing time
10 Jun 2022, 19:35:18 UTC
Previous filing
04 Jun 2021
Next filing
06 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGIO Common Stock Tax liability $50,386 -18,190 -12% $2.77 127,458 08 Jun 2022 Direct F1
transaction EGIO Common Stock Award $0 +42,347 +33% $0.000000 169,805 09 Jun 2022 Direct F2, F3, F4
* 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 45,474 restricted stock units.
F2 The Reporting Person received an aggregate of 42,347 restricted stock units, which, if eligible, shall become fully vested and exercisable on the day prior to the Issuer's 2023 annual shareholder meeting (but in no event later than December 31, 2023), 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 42,347 unvested restricted stock units.

Remarks:

Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated February 3, 2017.