ReachLocal Inc 4
4 · ReachLocal Inc · Filed Aug 10, 2016
Insider Transaction Report
Form 4
ReachLocal IncRLOC
KAIROUZ HABIB
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2016-08-09$4.60/sh−50,000$230,000→ 0 totalExercise: $1.65Exp: 2026-05-25→ Common Stock (50,000 underlying) - Disposition from Tender
Common Stock
2016-08-08$4.60/sh−76,472$351,771→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2016-08-09$4.60/sh−103,448$475,861→ 0 totalExercise: $2.82Exp: 2025-04-28→ Common Stock (103,448 underlying) - Disposition from Tender
Common Stock
2016-08-08$4.60/sh−2,570,395$11,823,817→ 0 total(indirect: See footnote)
Footnotes (3)
- [F1]Consists of 2,362,930 shares held by Rho Ventures V, L.P. ("RV V") and 207,465 shares held by Rho Ventures V Affiliates, L.L.C. ("RV V Affiliates").
- [F2]The reporting person is a managing member of Rho Capital Partners LLC ("RCP LLC"). RCP LLC is the managing member of RMV V, L.L.C., which is the general partner of RV V and the managing member of RV V Affiliates. The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.
- [F3]Pursuant to the agreement and plan of merger dated June 27, 2016, by and among ReachLocal, Inc., Gannett Co., Inc., and Raptor Merger Sub, Inc., at the closing of the merger each outstanding and unexercised stock option became fully vested and was cancelled in exchange for the right to receive in cash an amount equal to the product of (i) the total number of shares of ReachLocal common stock subject to the stock option, multiplied by (ii) the excess, if any, of $4.60 over the exercise price of the option.