SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

LENTO ROBERT A

(Last)

(First)

(Middle)

C/O LIMELIGHT NETWORKS, INC.

222 SOUTH MILL AVENUE, 8TH FLOOR

(Street)

TEMPE

85281

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/26/2012

3. Issuer Name and Ticker or Trading Symbol
Limelight Networks, Inc. [ LLNW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Interim-CEO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
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	75,000⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-qualified stock option (Right to Buy)	05/08/2013⁽²⁾	11/08/2022⁽³⁾	Common Stock	250,000⁽²⁾	$1.8	D

Explanation of Responses:

1. This includes 75,000 unvested restricted stock units ("RSU"). Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and RSU agreements, the RSUs will vest on the six (6) month anniversary of the Grant Date, provided Reporting Person continues to be a Service Provider through that vesting date. Each RSU represents a contingent right to receive one share of the Company's common stock.

2. Reporting Person received an aggregate of 250,000 stock options. Subject to the provisions of the 2007 Equity Incentive Plan and Reporting Person's employment and stock option agreements, the stock options will vest on the six (6) month anniversary of the Grant Date, provided Reporting Person continues to be a Service Provider through that vesting date.

3. Reporting Person will be entitled to exercise any vested stock options until the first to occur of: (i) the date that is two years following the later of the (A) date upon which such stock options vested or (B) the date upon which Reporting Person ceases to be a Service Provider, (ii) the applicable scheduled expiration date of such award (in the absence of any termination of employment) as set forth in the award agreement, or (iii) the ten (10) year anniversary of the award's original date of grant. For purposes of clarity, the term "expiration date" shall be the scheduled expiration of the option agreement and not the period that Reporting Person shall be entitled to exercise such option.

Remarks:

Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated November 26, 2012.

	Robert A. Lento by: /s/ James R. Todd, Attorney-in-Fact	11/26/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.