ReachLocal Inc 4
4 · ReachLocal Inc · Filed May 24, 2012
Insider Transaction Report
Form 4
ReachLocal IncRLOC
CARLICK DAVID
Director
Transactions
- Award
Stock Option (right to buy)
2012-05-22+81,402→ 81,402 totalExercise: $9.00Exp: 2022-05-21→ Common Stock (81,402 underlying)
Footnotes (2)
- [F1]A portion of the stock option consisting of 31,402 underlying shares was issued to Mr. Carlick in his capacity as a director pursuant to the ReachLocal, Inc. Non-Employee Director Compensation Program whereby each non-employee director is entitled to receive an annual stock option award on the date of each annual meeting of stockholders, and a portion of the stock option consisting of 50,000 underlying shares was issued to Mr. Carlick in connection with his appointment as non-executive Chairman in April 2012.
- [F2]The shares subject to this stock option will vest in full upon the earlier of the first anniversary of the grant date and the date of the next annual meeting of stockholders.