Polley Ryan 4
4 · MARCHEX INC · Filed Mar 3, 2020
Insider Transaction Report
Form 4
MARCHEX INCMCHX
Polley Ryan
Chief Product/Strategy Officer
Transactions
- Award
Class B Common Stock
2020-03-02$0.01/sh+125,000$1,250→ 125,000 total - Award
Employee Stock Option (right to buy)
2020-03-02+125,000→ 125,000 totalExercise: $2.66From: 2021-03-02Exp: 2030-03-02→ Class B Common Stock (125,000 underlying)
Footnotes (2)
- [F1]Restricted stock award effective March 2, 2020 (the "Grant Date") with 25% of such shares vesting on the first, second, third and forth annual anniversary of the Grant Date, subject to Polley remaining a continuous and full-time active employee and with vesting in full of all such shares of restricted stock upon a Change of Control (as defined in such reporting person's restricted stock agreement).
- [F2]Stock option award effective on the Grant Date, with 25% of such option shares vesting on the first annual anniversary of the Grant Date and 1/12 of the remainder vesting in equal increments quarterly thereafter over the following three (3) year period, subject to Polley remaining a continuous and full-time active employee and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).