HOROWITZ RUSSELL C 4
4 · MARCHEX INC · Filed Jan 4, 2021
Insider Transaction Report
Form 4
MARCHEX INCMCHX
HOROWITZ RUSSELL C
DirectorChief Executive Officer10% Owner
Transactions
- Award
Class B Common Stock
2021-01-04$0.01/sh+41,000$410→ 725,418 total - Award
Class B Common Stock
2020-12-31$0.01/sh+95,000$950→ 684,418 total - Award
Employee Stock Option (right to buy)
2020-12-31+95,000→ 95,000 totalExercise: $1.96Exp: 2030-12-31→ Class B Common Stock (95,000 underlying) - Award
Employee Stock Option (right to buy)
2021-01-04+41,000→ 41,000 totalExercise: $2.02Exp: 2031-01-04→ Class B Common Stock (41,000 underlying)
Holdings
- 5,000(indirect: By IRA)
Class B Common Stock
Footnotes (5)
- [F1]Restricted stock award effective December 31, 2020 (the "Grant Date").
- [F2]See Exhibit A.
- [F3]Restricted stock award effective January 4, 2021 (the "Second Grant Date") with 25% of such shares vesting on the first, second, third and fourth annual anniversary of the Second Grant Date, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer.
- [F4]Option grant effective on the Grant Date.
- [F5]Stock option award effective the Second Grant Date, with 25% of such option shares vesting on the first annual anniversary of the Second Grant Date and 1/12 of the remainder vesting in equal increments quarterly thereafter over the following three (3) year period, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer.