SEC Form 4 · accession 0001437749-15-000614
ReachLocal Inc · RLOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kristopher Barton
Officer — Chief Product Officer
Period of report
Jan 9, 2015
Accepted (ET)
Jan 13, 2015 · 4:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001297336
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2,F1 | $9.42 | Jan 9, 2015 | D | 80,000 | D | — | May 2, 2019 | Common Stock | 80,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $6.00 | Jan 9, 2015 | A | 80,000 | A | — | Jan 8, 2022 | Common Stock | 80,000 | 80,000 | D |
| Stock Option (Right to Buy)F2,F4 | $12.98 | Jan 9, 2015 | D | 14,880 | D | — | Feb 13, 2020 | Common Stock | 14,880 | 0 | D |
| Stock Option (Right to Buy)F3 | $6.00 | Jan 9, 2015 | A | 14,880 | A | — | Jan 8, 2022 | Common Stock | 14,880 | 14,880 | D |
| Stock Option (Right to Buy)F2,F5 | $10.61 | Jan 9, 2015 | D | 40,000 | D | — | Feb 12, 2021 | Common Stock | 40,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $6.00 | Jan 9, 2015 | A | 40,000 | A | — | Jan 8, 2022 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1The shares subject to this option vested according to the following schedule: 25% of the total number of shares vested on the first anniversary of the May 3, 2012 vesting start date, and the remaining shares vested pro-rata monthly thereafter. This stock option would have been completely vested on the fourth anniversary of the vesting start date.
- F2On January 9, 2015, pursuant to the issuer's stock option exchange, the issuer canceled this option and in exchange granted the reporting person a stock option covering the same number of shares with an exercise price of $6.00 per share.
- F3The shares subject to this option vest according to the following schedule: 12.5% of the total number of shares vest on the 6-month anniversary of the January 9, 2015 vesting start date, and the remaining shares vest pro-rata monthly thereafter. This stock option will be completely vested on the fourth anniversary of the vesting start date.
- F4The shares subject to this option vested according to the following schedule: 25% of the total number of shares vested on the first anniversary of the February 14, 2013 vesting start date, and the remaining shares vested pro-rata monthly thereafter. This stock option would have been completely vested on the fourth anniversary of the vesting start date.
- F5The shares subject to this option vested according to the following schedule: 25% of the total number of shares vested on the first anniversary of the February 13, 2014 vesting start date, and the remaining shares vested pro-rata monthly thereafter. This stock option would have been completely vested on the fourth anniversary of the vesting start date.