LOCAL Corp 4
4 · LOCAL Corp · Filed Mar 16, 2015
Insider Transaction Report
Form 4
LOCAL CorpLOCM
Reinke Scott
General Counsel
Transactions
- Purchase
Common Stock Warrant
2015-03-12$0.65/sh+18,071$11,764→ 18,071 totalExercise: $0.65From: 2015-03-12Exp: 2020-03-11→ Common Stock (18,071 underlying) - Purchase
Series A Senior Convertible NOtes
2015-03-12+36,143→ 36,143 totalFrom: 2015-03-12Exp: 2018-04-11→ Common Stock (36,143 underlying)
Footnotes (1)
- [F1]On March 12, 2015, Scott Reinke, acquired the issuer's Series A Senior Convertible Notes (the "Series A Notes") and a Warrant to purchase 18,071 shares of the issuer's Common Stock for an aggregate purchase price of $20,000. Each share of Series A Notes is convertible at Mr. Reinke's option into 36,143 shares of the issuer's Common Stock. The conversion price of the Series A Notes is currently fixed at $0.5534, but is subject to certain anti-dilution adjustments as set forth in a related Securities Purchase Agreement.