Wright Robert 4
4 · ReachLocal Inc · Filed Feb 22, 2012
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Wright Robert
EVP & Gen Man, ReachLocal Exc
Transactions
- Award
Stock Option (Right to Buy)
2012-02-17+20,000→ 20,000 totalExercise: $7.86Exp: 2019-02-16→ Common Stock (20,000 underlying) - Award
Common Stock
2012-02-17+2,500→ 277,730 total
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.