SEC Form 4 · accession 0001437749-16-023148
ReachLocal Inc · RLOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 6:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001297336
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2015 | A | 1,127 | $0.00 | A | 7,088 | D | |
| Common StockF1,F2,F3 | Dec 31, 2015 | A | 6,448 | $0.00 | A | 12,581,092 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock was issued to Mr. Salzman in his capacity as a director pursuant to the ReachLocal, Inc. Director Stock Plan in lieu of retainer fees of $12,500 in an exempt transaction under Rule 16b-3(d).
- F2Includes 40,571 shares directly held by VantagePoint Management, Inc., 237,775 shares of common stock of the issuer directly held by VantagePoint Venture Partners III, L.P., 1,952,995 shares directly held by VantagePoint Venture Partners III (Q), L.P., 846,099 shares directly held by VantagePoint Venture Partners IV, L.P., 8,451,641 shares directly held by VantagePoint Venture Partners IV (Q), L.P., 30,789 shares directly held by VantagePoint Venture Partners IV Principals Fund, L.P., and 1,021,222 shares directly held by VantagePoint Venture Partners 2006 (Q), L.P. Mr. Salzman disclaims beneficial ownership of such securities and this report shall not be deemed an admission that he is the beneficial owner of such securities, except to the extent of his pecuniary interest therein.
- F3Mr. Salzman is a managing member of the general partners of the following limited partnerships that directly hold common stock of the issuer: VantagePoint Venture Partners III, L.P., VantagePoint Venture Partners III (Q), L.P., VantagePoint Venture Partners IV, L.P., VantagePoint Venture Partners IV (Q), L.P., VantagePoint Venture Partners IV Principals Fund, L.P., and VantagePoint Venture Partners 2006 (Q), L.P. Mr. Salzman has acquired beneficial ownership of 1,127 shares of common stock reported herein and VantagePoint Management, Inc. has acquired beneficial ownership of 6,448 shares of common stock reported herein. As the Chief Executive Officer of VantagePoint Management, Inc., Mr. Salzman has the investment power with respect to the securities reported herein, and Mr. Salzman disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.