Clarke Heath B 4
4 · LOCAL Corp · Filed Jan 17, 2013
Insider Transaction Report
Form 4
LOCAL CorpLOCM
Clarke Heath B
DirectorCEO and Chairman
Transactions
- Award
Common Stock
2013-01-16+42,344→ 126,265 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 Corporation common stock. These performance stock units vest on August 13, 2013, only upon the achievement of specified financial objectives, including gross revenue and Adjusted Net Income targets, for the first half of 2013, as established by the Nominating, Compensation and Corporate Governance Committee of the board of directors of the Company.