Power Steven R. 4
4 · ReachLocal Inc · Filed Oct 29, 2010
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Power Steven R.
CEO, ReachLocal Australia
Transactions
- Award
Common Stock
2010-10-28+25,000→ 205,081 total
Footnotes (2)
- [F1]Restricted stock units were granted to the reporting person pursuant to the ReachLocal, Inc. Amended and Restated 2008 Stock Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of ReachLocal, Inc. common stock. 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 October 28, 2010 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.
- [F2]130,081 shares are held by Elysium Corporation Pty, Ltd, of which the Reporting Person is a Director.