4//SEC Filing
Gordon Zorik 4
Accession 0001437749-13-001717
CIK 0001297336other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 9:01 PM ET
Size
22.2 KB
Accession
0001437749-13-001717
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Gordon Zorik
DirectorPresident and CEO10% Owner
Transactions
- Award
Stock Option (Right to Buy)
2013-02-14+46,660→ 46,660 totalExercise: $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
- 1,640,020(indirect: By Trust)
Common Stock
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
Issuer
ReachLocal Inc
CIK 0001297336
Entity typeother
Related Parties
1- filerCIK 0001491693
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 9:01 PM ET
- Size
- 22.2 KB