Sawtell Michael A 4
4 · LOCAL.COM · Filed Jun 15, 2012
Insider Transaction Report
Form 4
LOCAL.COMLOCM
Sawtell Michael A
Chief Operating Officer
Transactions
- Award
Common Stock
2012-06-14+19,048→ 52,244 total
Footnotes (1)
- [F1]Common stock represents the underlying security of performance stock units granted to the reporting person, each performance stock unit representing a contingent right to receive one share of Local.com Corporation common stock. These performance stock units vest on February 19, 2013, only upon the achievement of specified financial objectives, including gross revenue and Adjusted Net Income targets, for the second half of 2012, as established by the Nominating, Compensation and Corporate Governance Committee of the board of directors of the Company.