Reinke Scott 4
4 · LOCAL.COM · Filed Dec 9, 2011
Insider Transaction Report
Form 4
LOCAL.COMLOCM
Reinke Scott
General Counsel
Transactions
- Award
Common Stock
2011-12-09+750→ 750 total - Award
Stock option (right to buy)
2011-12-09$2.29/sh+6,250$14,313→ 6,250 totalExercise: $2.29Exp: 2021-12-09→ Common Stock (6,250 underlying) - Award
Stock option (right to buy)
2011-12-09$2.29/sh+4,375$10,019→ 4,375 totalExercise: $2.29Exp: 2021-12-09→ Common Stock (4,375 underlying) - Award
Common Stock
2011-12-09+2,500→ 3,250 total
Footnotes (4)
- [F1]Common stock represents the underlying security of restricted stock units granted to the reporting person, each restricted stock unit representing a contingent right to receive one share of Local.com Corporation common stock. The restricted stock units vest in 3 equal installments on January 1, 2013, January 1, 2014, and January 1, 2015, provided, however, that no restricted stock unit shall vest on such vesting date unless the reporting person has been continuously employed by Local.com Corporation from the grant date until such vesting date.
- [F2]Common stock represents the underlying security of restricted stock units granted to the reporting person, each restricted stock unit representing a contingent right to receive one share of Local.com Corporation common stock. The restricted stock units vest in 3 equal installments on January 1, 2014, January 1, 2015, and January 1, 2016, provided, however, that no restricted stock unit shall vest on such vesting date unless the reporting person has been continuously employed by Local.com Corporation from the grant date until such vesting date.
- [F3]Vests 33.33% on December 9, 2012, and the remainder vests each quarter over the next 8 quarters commencing after December 9, 2012.
- [F4]Vests 33.33% on December 9, 2013, and the remainder vests each quarter over the next 8 quarters commencing after December 9, 2013.