Power Steven R. 4
4 · ReachLocal Inc · Filed May 20, 2010
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Power Steven R.
CEO, ReachLocal Australia
Transactions
- Award
Restricted Stock Units
2010-05-20+25,000→ 25,000 total→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of ReachLocal, Inc. common stock.
- [F2]The restricted stock units vest according to the following schedule: 25% of the total number of restricted stock units vest on the first anniversary of the September 11, 2009 vesting start date (the "Vesting Start Date") and pro-rata quarterly thereafter. The restricted stock units will be completely vested on the fourth anniversary of the Vesting Start Date.