SEC Form 4 · accession 0001437749-16-028704
ReachLocal Inc · RLOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ross Landsbaum
Officer — Chief Financial Officer
Period of report
Mar 28, 2016
Accepted (ET)
Mar 30, 2016 · 5:20 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 28, 2016 | A | 40,000 | A | — | — | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of ReachLocal, Inc. common stock.
- F2The restricted stock units will vest according to the following schedule: 25% on the first anniversary of the March 28, 2016 vesting start date and quarterly over the subsequent 12 quarters. The restricted stock units will be completely vested on the fourth anniversary of the vesting start date.