ReachLocal Inc 4
4 · ReachLocal Inc · Filed May 31, 2016
Insider Transaction Report
Form 4
ReachLocal IncRLOC
SALZMAN ALAN E
Director10% Owner
Transactions
- Award
Stock Option (right to buy)
2016-05-26+50,000→ 50,000 totalExercise: $1.65Exp: 2026-05-25→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]The stock option was issued to Mr. Salzman in his capacity as a director pursuant to the ReachLocal, Inc. Non-Employee Director Compensation Program.
- [F2]The shares subject to this stock option will vest in full upon the earlier of the first anniversary of the grant date and the date of the next annual meeting of stockholders.
- [F3]Pursuant to arrangements between Mr. Salzman and VantagePoint Venture Associates III, L.L.C., VantagePoint Venture Associates IV, L.L.C., VantagePoint Venture Associates 2006, L.L.C., and VantagePoint Management, Inc., each such entity has beneficial ownership of the stock option issued to Mr. Salzman. As a managing member or officer of these entities, Mr. Salzman has the power to exercise the option and voting and investment power with respect to the underlying shares. Each entity, and Mr. Salzman, disclaims beneficial ownership of such securities except to the extent of it or his pecuniary interest therein.