Hagins Jeffrey L 4
4 · ReachLocal Inc · Filed Feb 22, 2012
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Hagins Jeffrey L
Chief Technology Officer
Transactions
- Award
Common Stock
2012-02-22+12,328→ 26,804 total - Award
Common Stock
2012-02-17+2,000→ 14,476 total - Award
Common Stock
2012-02-22+19,523→ 39,281 total(indirect: See Footnote) - Award
Stock Option (Right to Buy)
2012-02-17+16,000→ 16,000 totalExercise: $7.86Exp: 2019-02-16→ Common Stock (16,000 underlying)
Footnotes (5)
- [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]Common Stock was issued to the reporting person in connection with ReachLocal, Inc.'s acquisition of SMB:LIVE Corporation (the "Acquisition"), in an exempt transaction under Rule 16b-3(d).
- [F3]Common Stock was issued to Mural Ventures Corporation ("Mural") in connection with the Acquisition, in an exempt transaction under Rule 16b-3(d).
- [F4]The reporting person is a director and an owner of approximately 13% of Mural's capital stock. The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.
- [F5]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.