SEC Form 4 · accession 0001576003-15-000001
LOCAL Corp · LOCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carlos Caponera
Officer — Sr. Vice President
Period of report
Mar 12, 2015
Accepted (ET)
Mar 17, 2015 · 12:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001259550
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Senior Convertible NotesF1 | — | Mar 12, 2015 | P | 18,071 | A | Mar 12, 2015 | Apr 11, 2018 | Common Stock | 18,071 | 18,071 | D |
| Common Stock Warrant | $0.651 | Mar 12, 2015 | P | 9,035 | A | Mar 12, 2015 | Mar 11, 2020 | Common Stock | 9,035 | 9,035 | D |
Explanation of responses
- F1On March 12, 2015, Carlos Caponera, acquired the issuer's Series A Senior Convertible Notes (the "Series A Notes") and a Warrant to purchase 9,035 shares of the issuer's Common Stock for an aggregate purchase price of $10,000. Each share of Series A Notes is convertible at Mr. Caponera's option into 18,071 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.