ReachLocal Inc 4
4 · ReachLocal Inc · Filed Aug 10, 2016
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Rowlands Sharon T
DirectorChief Executive Officer
Transactions
- Disposition from Tender
Common Stock
2016-08-08$4.60/sh−418,557$1,925,362→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-08-09$4.60/sh−250,000$1,150,000→ 0 totalExercise: $2.70Exp: 2022-05-06→ Common Stock (250,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-08-09$4.60/sh−150,000$690,000→ 0 totalExercise: $1.95Exp: 2023-02-28→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Includes 50,010 restricted shares that, 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., became fully vested and were cancelled in exchange for the right to receive in cash an amount equal to $4.60 at the closing of the merger.
- [F2]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.