ReachLocal Inc 4
4 · ReachLocal Inc · Filed Aug 10, 2016
Insider Transaction Report
Form 4
ReachLocal IncRLOC
Maniar Paras
Chief Strategy Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-08-09−250,000→ 0 totalExercise: $3.16Exp: 2022-02-11→ Common Stock (250,000 underlying) - Disposition from Tender
Common Stock
2016-08-08$4.60/sh−40,278$185,279→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-08-09−60,000→ 0 totalExercise: $1.95Exp: 2023-02-28→ Common Stock (60,000 underlying)
Footnotes (1)
- [F1]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.