Kline Michael 4
4 · ReachLocal Inc · Filed Feb 20, 2013
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Kline Michael
COO & Chief Product Officer
Transactions
- Sale
Common Stock
2013-02-19$12.74/sh−2,000$25,481→ 337,725 total - Sale
Common Stock
2013-02-15$12.88/sh−80,590$1,037,919→ 339,725 total - Exercise/Conversion
Common Stock
2013-02-19$7.86/sh+6,900$54,234→ 344,625 total - Sale
Common Stock
2013-02-19$12.86/sh−6,900$88,734→ 337,725 total - Exercise/Conversion
Stock Option (Right to Buy)
2013-02-19−6,900→ 57,100 totalExercise: $7.86Exp: 2019-02-16→ Common Stock (6,900 underlying)
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 17, 2012.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.285 to $13.135, inclusive. The reporting person undertakes to provide to ReachLocal, Inc., any security holder of ReachLocal, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in herein.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.32 to $12.852, inclusive. The reporting person undertakes to provide to ReachLocal, Inc., any security holder of ReachLocal, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in herein.
- [F4]The shares subject to this option vest according to the following schedule: 25% of the total number of shares vested on the first anniversary of the February 17, 2012 vesting start date and pro-rata monthly thereafter. This stock option will become completely vested on the fourth anniversary of the vesting start date.