Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Gordon Michael M
  2. Issuer Name and Ticker or Trading Symbol
Limelight Networks, Inc. [LLNW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Co-Founder/Chief Strategy Off.
(Last)
(First)
(Middle)
C/O LIMELIGHT NETWORKS, INC., 2220 W. 14TH STREET
3. Date of Earliest Transaction (Month/Day/Year)
06/07/2007
(Street)

TEMPE, AZ 85821
4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               834,775 D (1)  
Common Stock               937,500 (2) D  
Common Stock               63,750 I (3) By Thunder Road Capital LLC
Common Stock               95,625 I (4) By Buttercup Irrevocable Trust
Common Stock               95,625 I (5) By Dandelion Irrevocable Trust
Common Stock               95,625 I (6) By Sunshine Irrevocable Trust
Common Stock               95,625 I (7) By Tiger Irrevocable Trust
Common Stock               95,625 I (8) By Tigerlily Irrevocable Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Nonqualified Stock Option (Right to Buy) $ 15 06/07/2007   A   200,000     (9) 06/07/2017 Common Stock 200,000 $ 0 $ 200,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Gordon Michael M
C/O LIMELIGHT NETWORKS, INC.
2220 W. 14TH STREET
TEMPE, AZ 85821
      Co-Founder/Chief Strategy Off.  

Signatures

 /s/ Rita Tocco, Attorney-in-Fact for Michael M. Gordon   06/08/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Held by Michael and Lauren Gordon.
(2) All shares vest 1/12th on the one month anniversary of the vesting commencement date of 07/12/2006 and 1/12th monthly thereafter.
(3) Mr. Gordon is a managing member of Thunder Road Capital LLC and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
(4) Mr. Gordon is a trustee of Buttercup Irrevocable Trust and disclaims beneficial ownership of these securities.
(5) Mr. Gordon is a trustee of Dandelion Irrevocable Trust and disclaims beneficial ownership of these securities.
(6) Mr. Gordon is a trustee of Sunshine Irrevocable Trust and disclaims beneficial ownership of these securities.
(7) Mr. Gordon is a trustee of Tiger Irrevocable Trust and disclaims beneficial ownership of these securities.
(8) Mr. Gordon is a trustee of Tigerlily Irrevocable Trust and disclaims beneficial ownership of these securities.
(9) All shares vest 1/4th on the one year anniversary of the vesting commencement date of 06/07/2007 and 1/48th monthly thereafter.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.