SEC Form 4 · accession 0001437749-16-026485
ReachLocal Inc · RLOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sharon T Rowlands
Officer — Chief Executive Officer · Director
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 4:29 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 Stock | Feb 26, 2016 | A | 157,894 | $0.00 | A | 477,894 | D | |
| Common Stock | Feb 26, 2016 | F | 59,337 | $1.90 | D | 418,557 | D |
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)F3 | $1.95 | Feb 29, 2016 | A | 150,000 | A | — | Feb 28, 2023 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Shares issued in lieu of a portion of the reporting person's bonus pursuant to the issuer's executive bonus plan.
- F2Shares withheld by issuer to cover taxes in accordance with broker's procedures for share withholding transactions.
- F3The shares subject to this option will vest according to the following schedule: 25% of the total number of shares vest on the first anniversary of the February 29, 2016 vesting start date and pro-rata monthly thereafter. This stock option will be completely vested on the fourth anniversary of the vesting start date.