0001209191-22-063008.txt : 20221230 0001209191-22-063008.hdr.sgml : 20221230 20221230165739 ACCESSION NUMBER: 0001209191-22-063008 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221230 FILED AS OF DATE: 20221230 DATE AS OF CHANGE: 20221230 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ARENDS MICHAEL A CENTRAL INDEX KEY: 0001282317 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50658 FILM NUMBER: 221502463 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: 206-331-3300 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 2022-12-30 0 0001224133 MARCHEX INC MCHX 0001282317 ARENDS MICHAEL A 520 PIKE STREET SUITE 2000 SEATTLE WA 98101 0 1 0 0 Co-CEO Class B Common Stock 2022-12-30 4 A 0 149000 0.01 A 1343129 D Class B Common Stock 18100 I By IRA Class B Common Stock 6500 I By IRA for Diana Arends Employee Stock Option (right to buy) 1.60 2022-12-30 4 A 0 149000 0.00 A 2032-12-30 Class B Common Stock 149000 149000 D Restricted stock award effective December 31, 2022 (the "Grant Date"). See Exhibit A. Option grant effective on the Grant Date. /s/Michael Arends 2022-12-30 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 (2023 revenue (or trailing 12 months revenue)
exceeding 120% of year of grant level, 2023 adjusted OIBA (or trailing 12
months adjusted OIBA) exceeding specified multiples of year of grant level,
or the Class B Common Stock share price for twenty (20) consecutive trading
days exceeding 150% of the year of grant 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 year of grant level, trailing twelve (12) month
adjusted OIBA exceeding specified multiples of year of grant 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 year of
grant
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.