ReachLocal Inc 4
4 · ReachLocal Inc · Filed Oct 23, 2013
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Hanks Nathan
Chief Distribution Officer
Transactions
- Exercise/Conversion
Common Stock
2013-10-21$7.86/sh+2,936$23,077→ 110,094 total - Exercise/Conversion
Common Stock
2013-10-22$7.86/sh+194$1,525→ 107,352 total - Exercise/Conversion
Common Stock
2013-10-23$7.86/sh+34$267→ 107,192 total - Sale
Common Stock
2013-10-23$13.00/sh−34$442→ 107,158 total - Exercise/Conversion
Stock Option (Right to Buy)
2013-10-21−2,936→ 54,319 totalExercise: $7.86Exp: 2019-02-16→ Common Stock (2,936 underlying) - Sale
Common Stock
2013-10-22$13.00/sh−194$2,522→ 107,158 total - Sale
Common Stock
2013-10-21$13.00/sh−2,936$38,168→ 107,158 total - Exercise/Conversion
Stock Option (Right to Buy)
2013-10-22−194→ 54,125 totalExercise: $7.86Exp: 2019-02-16→ Common Stock (194 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2013-10-23−34→ 54,091 totalExercise: $7.86Exp: 2019-02-16→ Common Stock (34 underlying)
Holdings
- 240,000(indirect: By Trust)
Common Stock
- 47,527(indirect: By LLC)
Common Stock
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 May 28, 2013.
- [F2]The reporting person's spouse is the trustee and the initial beneficiary of the trust. The reporting person disclaims beneficial ownership of the shares, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F3]The reporting person is the managing director of Digital Media Distribution, LLC.
- [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.