Kline Michael 4
4 · ReachLocal Inc · Filed Jun 27, 2012
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Kline Michael
COO & Chief Product Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2012-06-25−100,000→ 0 totalExercise: $22.46Exp: 2018-02-16→ Common Stock (100,000 underlying) - Award
Stock Option (Right to Buy)
2012-06-25+68,965→ 68,965 totalExercise: $13.00Exp: 2019-06-24→ Common Stock (68,965 underlying)
Footnotes (3)
- [F1]The shares subject to this option vested according to the following schedule: 25% of the total number of shares vested on the first anniversary of the February 17, 2011 vesting start date (the "Original Vesting Start Date") and pro-rata monthly thereafter. This stock option would have been completely vested on the fourth anniversary of the Original Vesting Start Date.
- [F2]On June 25, 2012, pursuant to the issuer's stock option exchange, the issuer canceled this option and in exchange granted the reporting person a stock option covering 68,965 shares with an exercise price of $13.00 per share.
- [F3]The shares subject to this option vest according to the following schedule: 12.5% of the total number of shares vest on the 6-month anniversary of the June 25, 2012 vesting start date (the "New Vesting Start Date") and pro-rata monthly thereafter. This Stock Option will be completely vested on the fourth anniversary of the New Vesting Start Date.