SEC Form 4 · accession 0001209191-15-018689
MARCHEX INC · MCHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clark M Kokich
Officer — Executive Chairman · Director
Period of report
Feb 25, 2015
Accepted (ET)
Feb 25, 2015 · 5:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001224133
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common Stock | Feb 25, 2015 | A | 150,000 | $0.01 | A | 285,325 | D | |
| Class B Common Stock | holding | — | — | — | 12,440 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock award effective February 25, 2015 (the "Grant Date"). 25% of the aggregate amount of restricted stock vests on the first annual anniversary of the Grant Date. Thereafter, the remainder vests quarterly over the next 3 years in equal increments of 6.25% of the aggregate amount of restricted stock (assuming continued service as Executive Chairman on the applicable vesting date).
- F2One hundred percent (100%) of all restricted stock not already vested as of the date thereof, shall become immediately vested upon the occurrence of both (a) a Change of Control (as defined in such reporting person's award agreement), (b) followed by (i) a termination without cause of such reporting person's employment by the Issuer or any successor thereto, (ii) a Diminution in Duties (as defined in such reporting person's award agreement) with respect to the reporting person, or (iii) the twelve month anniversary of the occurrence of the Change of Control.