MARCHEX INC 4
4 · MARCHEX INC · Filed Feb 25, 2015
Insider Transaction Report
Form 4
MARCHEX INCMCHX
Morris Ian H
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2015-02-25+146,215→ 146,215 totalExercise: $3.96Exp: 2025-02-25→ Class B Common Stock (146,215 underlying)
Footnotes (1)
- [F1]Option grant effective February 25, 2015 (the "Grant Date"). 25% of the aggregate amount of options will vest on the first annual anniversary of the Grant Date. Thereafter, the remainder vests quarterly over the next 3 years in equal increments of 6.25% of the aggregate amount of options (assuming continued Board service on the applicable vesting date) and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).