Hagins Jeffrey L 4
4 · ReachLocal Inc · Filed Feb 22, 2011
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Hagins Jeffrey L
Chief Technology Officer
Transactions
- Award
Common Stock
2011-02-22+9,702→ 9,702 total(indirect: See Footnote) - Award
Common Stock
2011-02-22+6,126→ 6,126 total
Footnotes (3)
- [F1]Common Stock was issued to the reporting person in connection with ReachLocal, Inc.'s acquisition of SMB:LIVE Corporation (the "Acquisition"), in an exempt transaction under Rule 16b-3(d). As part of the consideration paid to the reporting person in connection with the Acquisition, the reporting person is eligible to receive up to an additional 18,678 shares of Common Stock upon the satisfaction of certain employee retention objectives set forth in the Acquisition agreement.
- [F2]Common Stock was issued to Mural Ventures Corporation ("Mural") in connection with the Acquisition, in an exempt transaction under Rule 16b-3(d). As part of the consideration paid to Mural in connection with the Acquisition, Mural is eligible to receive up to an additional 29,579 shares of Common Stock upon the satisfaction of certain employee retention objectives set forth in the Acquisition agreement.
- [F3]The reporting person is a director and an owner of approximately 13% of Mural's capital stock. The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.