Gordon Zorik 4
4 · ReachLocal Inc · Filed Feb 22, 2012
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Gordon Zorik
DirectorPresident and CEO10% Owner
Transactions
- Award
Common Stock
2012-02-17+13,000→ 13,100 total - Award
Stock Option (Right to Buy)
2012-02-17+104,000→ 104,000 totalExercise: $7.86Exp: 2019-02-16→ Common Stock (104,000 underlying)
Footnotes (2)
- [F1]Shares are restricted shares whose restrictions will lapse according to the following schedule: 25% of the total number of shares will become unrestricted on the first anniversary of the February 17, 2012 vesting start date (the "Vesting Start Date") and pro-rata quarterly thereafter. All restrictions will have lapsed on the fourth anniversary of the Vesting Start Date.
- [F2]The shares subject to this option will vest according to the following schedule: 25% of the total number of shares vest on the first anniversary of the February 17, 2012 vesting start date (the "Vesting Start Date") and pro-rata monthly thereafter. This Stock Option will be completely vested on the fourth anniversary of the Vesting Start Date.