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SECURITIES AND EXCHANGE COMMISSION

Date of Report (Date of earliest event reported):

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 6, 2017, the Compensation Committee (the "Committee") of the Board of Directors of Limelight Networks, Inc. (the "Company") made the following compensation decisions in connection with its annual review of executive officer compensation:

The Committee approved certain equity incentive awards to members of the senior leadership team, including the awards to the following named executive officers:

Name and TitleOptions (1)(2)Restricted Stock Units (2)
Robert A. LentoPresident, Chief Executive Officer and Director482,630246,720
Sajid MalhotraSVP, Chief Financial Officer & Treasurer213,560109,170
Michael DiSantoSVP, Chief Administrative and Legal Officer & Secretary 170,85087,340
George VonderhaarSVP, Chief Sales Officer138,81070,960
Kurt SilvermanSVP, Development and Delivery144,15073,690
(1)Each stock option has an exercise price per share equal to the fair market value per share of the Company’s common stock on the date of grant, November 6, 2017.
(2)Subject to the provisions of the Amended and Restated 2007 Equity Incentive Plan or each recipient’s respective employment agreement, one-third (1/3rd) of the RSUs will vest on December 1, 2018, one-twelfth (1/12th) of the RSUs will vest on March 1, 2019, and an additional one- twelfth (1/12th) will vest on the first day of each June, September, December and March thereafter for eight (8) consecutive quarters, provided the recipient continues to be a Service Provider through each such vesting date. One-third (1/3rd) of the shares subject to the stock option will vest on December 1, 2018, and one-thirty-sixth (1/36th) of the stock options will vest on the 1st day of January, 2019 and on the 1st day of each month thereafter until all of the stock options have vested (three years), provided the recipient continues to be a Service Provider through each such vesting date.

2018 Target Annual Cash Bonus Amounts and Salary Determination

The Committee approved 2018 target annual cash bonus amounts and salaries for the Company’s senior executive officers, including the Company’s principal executive officer, principal financial officer, and other named executive officers. The target cash bonus amounts pertain to services to be performed in fiscal 2018 (which bonuses will be paid in 2019) pursuant to the Master Executive and Management Bonus Plan, a copy of which was furnished with a Current Report on Form 8-K on May 19, 2009. We anticipate that each bonus plan participant may earn between zero and 200% of the target bonus depending upon the level of attainment or over-attainment of specified corporate financial and operational performance goals. The target annual incentive compensation shall be subject to the terms and conditions of the applicable 2018 incentive compensation plan(s) approved by the Committee.

The 2018 salary and target annual cash bonus amounts for the Company’s current named executive officers are summarized below:

Name2018 Salary2018 Target Annual Incentive
Robert A. Lento$480,000$438,000
Sajid Malhotra$355,000$235,000
Michael DiSanto$323,000$167,000
George Vonderhaar$294,000$206,000
Kurt Silverman$295,000$165,000

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


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