Claman Joshua 4
4 · ReachLocal Inc · Filed Aug 6, 2012
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Claman Joshua
Chief Revenue Officer
Transactions
- Award
Common Stock
2012-08-02+20,000→ 20,000 total - Award
Stock Option (Right to Buy)
2012-08-02+125,000→ 125,000 totalExercise: $11.93Exp: 2019-08-01→ Common Stock (125,000 underlying) - Award
Stock Option (Right to Buy)
2012-08-02+30,000→ 30,000 totalExercise: $11.93Exp: 2019-08-01→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]The 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 August 2, 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 stock option will vest according to the following schedule: 25% of the total number of shares vest on the first anniversary of 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.
- [F3]The shares subject to this stock option will vest upon the Company achieving an average closing price on the NASDAQ Global Select Market greater than or equal to $35 per share, as may be adjusted in accordance with the Company's Amended and Restated 2008 Stock Incentive Plan, for 20 consecutive trading days after the first anniversary of the Vesting Commencement Date.