SEC Form 4 · accession 0001437749-16-033087
ReachLocal Inc · RLOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Alan E Salzman
Director · 10% Owner
VANTAGEPOINT VENTURE ASSOCIATES III LLC
Director · 10% Owner
VANTAGEPOINT VENTURE ASSOCIATES IV LLC
Director · 10% Owner
VantagePoint Management, Inc.
Director · 10% Owner
VantagePoint Venture Associates 2006, L.L.C.
Director · 10% Owner
Period of report
May 26, 2016
Accepted (ET)
May 31, 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F3,F2 | $1.65 | May 26, 2016 | A | 50,000 | A | — | May 25, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The stock option was issued to Mr. Salzman in his capacity as a director pursuant to the ReachLocal, Inc. Non-Employee Director Compensation Program.
- F2The shares subject to this stock option will vest in full upon the earlier of the first anniversary of the grant date and the date of the next annual meeting of stockholders.
- F3Pursuant to arrangements between Mr. Salzman and VantagePoint Venture Associates III, L.L.C., VantagePoint Venture Associates IV, L.L.C., VantagePoint Venture Associates 2006, L.L.C., and VantagePoint Management, Inc., each such entity has beneficial ownership of the stock option issued to Mr. Salzman. As a managing member or officer of these entities, Mr. Salzman has the power to exercise the option and voting and investment power with respect to the underlying shares. Each entity, and Mr. Salzman, disclaims beneficial ownership of such securities except to the extent of it or his pecuniary interest therein.