Miller Michael 4
4 · MARCHEX INC · Filed Dec 22, 2011
Insider Transaction Report
Form 4
MARCHEX INCMCHX
Miller Michael
Sr. VP Acctg & Corp Controller
Transactions
- Award
Class B Common Stock
2011-12-20$0.01/sh−7,500$75→ 24,500 total - Award
Employee Stock Option (right to buy)
2011-12-20+25,000→ 25,000 totalExercise: $6.35Exp: 2021-12-20→ Class B Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Restricted stock award effective December 20, 2011 (the "Grant Date"). The restricted stock vests in accordance with the following four year vesting schedule: 25% of the total shares shall vest on each of the first, second, third and fourth annual anniversaries, respectively, of the Grant Date.
- [F2]Fifty percent (50%) of all options and restricted stock not already vested as of the date of a Change of Control (as defined in such reporting person's award agreements) shall become immediately vested upon such Change of Control.
- [F3]Option grant effective December 20, 2011 (the "Option Grant Date"). 25% of the options will vest on the first annual anniversary of the Option Grant Date. Thereafter, 1/12 of the remaining will vest quarterly thereafter for the following three years.