Stephen Cumming - Aug 22, 2022 Form 4 Insider Report for Edgio, Inc. (EGIO)

Role
Chief Financial Officer
Signature
Stephen Cumming /s/ Richard Diegnan, Attorney-in-Fact
Stock symbol
EGIO
Transactions as of
Aug 22, 2022
Transactions value $
$0
Form type
4
Date filed
8/24/2022, 07:34 PM
Previous filing
Jan 26, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGIO Common Stock Award $0 +377K $0.00 377K Aug 22, 2022 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EGIO Non-qualified stock option (Right to Buy) Award $0 +587K $0.00 587K Aug 22, 2022 Common Stock 587K $3.51 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person received an aggregate of 376,761 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-fourth (1/4) of the RSUs will vest on September 1, 2023, and the remaining three-fourths (3/4) will vest on the first day of each December, March, June, and September in equal quarterly installments thereafter for three additional years, provided Executive continues to be a Service Provider through each such vesting date.
F2 $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.
F3 This includes 376,761 unvested restricted stock units.
F4 Reporting Person received an aggregate of 587,427 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-fourth (1/4) of the Options will vest on August 22, 2023, and the remaining three-fourths (3/4) will vest on the 22nd day of September and on the same day of each month thereafter until all of the stock options have vested, thirty-six (36) consecutive months, provided Executive 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 August 24, 2022.