0001209191-21-000313.txt : 20210104 0001209191-21-000313.hdr.sgml : 20210104 20210104164520 ACCESSION NUMBER: 0001209191-21-000313 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210104 DATE AS OF CHANGE: 20210104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOROWITZ RUSSELL C CENTRAL INDEX KEY: 0001054568 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50658 FILM NUMBER: 21502331 MAIL ADDRESS: STREET 1: NONE CITY: SEATTLE STATE: WA ZIP: 98101 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MARCHEX INC CENTRAL INDEX KEY: 0001224133 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 352194038 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 520 PIKE STREET STREET 2: SUITE 2000 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-774-5000 MAIL ADDRESS: STREET 1: 520 PIKE STREET STREET 2: SUITE 2000 CITY: SEATTLE STATE: WA ZIP: 98101 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-12-31 0 0001224133 MARCHEX INC MCHX 0001054568 HOROWITZ RUSSELL C 520 PIKE STREET SUITE 2000 SEATTLE WA 98101 1 1 1 1 Executive Chairman Co-CEO Class B Common Stock 2020-12-31 4 A 0 95000 0.01 A 684418 D Class B Common Stock 2021-01-04 4 A 0 41000 0.01 A 725418 D Class B Common Stock 5000 I By IRA Employee Stock Option (right to buy) 1.96 2020-12-31 4 A 0 95000 0.00 A 2030-12-31 Class B Common Stock 95000 95000 D Employee Stock Option (right to buy) 2.02 2021-01-04 4 A 0 41000 0.00 A 2031-01-04 Class B Common Stock 41000 41000 D Restricted stock award effective December 31, 2020 (the "Grant Date"). See Exhibit A. Restricted stock award effective January 4, 2021 (the "Second Grant Date") with 25% of such shares vesting on the first, second, third and fourth annual anniversary of the Second Grant Date, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer. Option grant effective on the Grant Date. Stock option award effective the Second Grant Date, with 25% of such option shares vesting on the first annual anniversary of the Second Grant Date and 1/12 of the remainder vesting in equal increments quarterly thereafter over the following three (3) year period, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer. Russell C. Horowitz 2021-01-04 EX-99.2 2 attachment1.htm EX-99.2 DOCUMENT

EXHIBIT A - FOOTNOTE 2
Such options and shares of restricted stock shall vest on the fifth
annual anniversary of the Grant Date with accelerated vesting upon
certain events and subject to continued employment at all such times.
With respect to acceleration, (a) 50% of such options and shares of
restricted stock shall vest upon attainment of specified revenue, adjusted
OIBA or share price targets at the later of eighteen (18) months or
performance attainment (2021 revenue (or trailing 12 months revenue)
exceeding 120% of 2020 level, 2021 adjusted OIBA (or trailing 12 months
adjusted OIBA) exceeding specified multiples of 2020 level, or the Class B
Common
Stock share price for twenty (20) consecutive trading days exceeding 150% of
the initial 2020  consecutive trading day average), and (b) such remaining
unvested options and shares of restricted stock shall vest upon attainment
of specified revenue, adjusted OIBA or share price targets at the later of
thirty (30) months or performance attainment (trailing twelve (12) month
revenue exceeding 127% of 2020 level, trailing twelve (12) month adjusted
OIBA exceeding specified multiples of 2020 level higher than the initial
performance target above, or the Class B Common Stock share price for twenty
(20)
consecutive trading days exceeding 160% of the initial 2020 consecutive trading
day average). Such options and shares of restricted stock shall also be subject
to the Corporation's standard form of executive officer "Double-Trigger Change
in
Control Acceleration" of vesting to the extent not otherwise vested upon such
event.