Gordon Zorik 4

4 · ReachLocal Inc · Filed Feb 19, 2013

Form 4

Period: 2013-02-14

DirectorPresident and CEO10% Owner

Transactions

Award
Stock Option (Right to Buy)
2013-02-14+46,660→ 46,660 total
Exercise: $12.98Exp: 2020-02-13→ Common Stock (46,660 underlying)
Award
Common Stock
2013-02-14+54,475→ 67,575 total
Tax Payment
Common Stock
2013-02-18$12.42/sh−1,232$15,301→ 66,343 total

Holdings

Footnotes (4)

[F1]Shares are restricted shares whose restrictions will lapse based on achievement of a stock price target, as well as continued service, as follows: if the stock price target is first achieved in 2013, 100% of the shares will vest in 1/3 increments on the first, second and third anniversaries of the February 14, 2013 grant date, if the stock price target is first achieved during 2014, 20% of the shares will be forfeited and the remaining 80% of the shares will vest 2/3 on the second anniversary of the grant date and 1/3 on the third anniversary of the grant date, and if the stock price target is first achieved during 2015, 60% of the shares will be forfeited and the remaining 40% of the shares will vest on the third anniversary of the grant date. If the stock price target is not achieved by December 31, 2015, all shares will be forfeited.
[F2]Shares withheld by issuer to cover taxes in accordance with broker's procedures for share withholding transactions.
[F3]These shares are held directly by the Gordon Family Revocable Trust, and indirectly by Zorik Gordon and Ilana P. Gordon as trustees of the trust.
[F4]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 14, 2013 vesting start date and pro-rata monthly thereafter. This Stock Option will be completely vested on the fourth anniversary of the vesting start date.

Documents

2 files