SEC Form 4 · accession 0001209191-18-052563
MARCHEX INC · MCHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis Cline
Director
Period of report
Sep 27, 2018
Accepted (ET)
Sep 28, 2018 · 4:36 pm EDT
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 StockF1 | Sep 27, 2018 | A | 15,000 | $0.01 | A | 101,760 | D | |
| Class B Common Stock | holding | — | — | — | 28,500 | I | By DMC Investments, LLC | |
| Class B Common StockF2 | holding | — | — | — | 10,000 | I | By Trust for Colburn Cline |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $2.76 | Sep 27, 2018 | A | 15,000 | A | — | Sep 27, 2028 | Class B Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Restricted stock award effective September 27, 2018 (the "Grant Date") with 50% of such shares vesting on the first and second annual anniversary of the Grant Date, assuming continued service on the Board for such period and with vesting in full of all such restricted shares upon a Change of Control (as defined in such reporting person's restricted stock agreement).
- F2Reporting person disclaims beneficial ownership.
- F3Option grant effective on the Grant Date with 50% of such options vesting on the first and second annual anniversary of the Grant Date assuming continued service on the Board for such period and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).