Alan E Salzman Form 4 ReachLocal / ALAN E SALZMAN ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SALZMAN ALAN E

(Last) (First) (Middle)

C/O VANTAGEPOINT CAPITAL PARTNERS

1001 BAYHILL DRIVE, SUITE 300

(Street)

SAN BRUNO, CA 94066

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ReachLocal Inc [ RLOC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	12/31/2015		A		1,127	A	$0	7,088	D
Common Stock(1)	12/31/2015		A		6,448(2)	A	$0	12,581,092(2)	I	See footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

SALZMAN ALAN E

(Last) (First) (Middle)

C/O VANTAGEPOINT CAPITAL PARTNERS

1001 BAYHILL DRIVE, SUITE 300

(Street)

SAN BRUNO, CA 94066

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

VantagePoint Management, Inc.

(Last) (First) (Middle)

1001 BAYHILL DRIVE, SUITE 300

(Street)

SAN BRUNO, CA 94066

(City) (State) (Zip)

Explanation of Responses:

1. Common stock was issued to Mr. Salzman in his capacity as a director pursuant to the ReachLocal, Inc. Director Stock Plan in lieu of retainer fees of $12,500 in an exempt transaction under Rule 16b-3(d).

2. Includes 40,571 shares directly held by VantagePoint Management, Inc., 237,775 shares of common stock of the issuer directly held by VantagePoint Venture Partners III, L.P., 1,952,995 shares directly held by VantagePoint Venture Partners III (Q), L.P., 846,099 shares directly held by VantagePoint Venture Partners IV, L.P., 8,451,641 shares directly held by VantagePoint Venture Partners IV (Q), L.P., 30,789 shares directly held by VantagePoint Venture Partners IV Principals Fund, L.P., and 1,021,222 shares directly held by VantagePoint Venture Partners 2006 (Q), L.P. Mr. Salzman disclaims beneficial ownership of such securities and this report shall not be deemed an admission that he is the beneficial owner of such securities, except to the extent of his pecuniary interest therein.

3. Mr. Salzman is a managing member of the general partners of the following limited partnerships that directly hold common stock of the issuer: VantagePoint Venture Partners III, L.P., VantagePoint Venture Partners III (Q), L.P., VantagePoint Venture Partners IV, L.P., VantagePoint Venture Partners IV (Q), L.P., VantagePoint Venture Partners IV Principals Fund, L.P., and VantagePoint Venture Partners 2006 (Q), L.P. Mr. Salzman has acquired beneficial ownership of 1,127 shares of common stock reported herein and VantagePoint Management, Inc. has acquired beneficial ownership of 6,448 shares of common stock reported herein. As the Chief Executive Officer of VantagePoint Management, Inc., Mr. Salzman has the investment power with respect to the securities reported herein, and Mr. Salzman disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

	/s/ Alan E. Salzman	01/05/2016
	/s/ VantagePoint Management, Inc. By: Alan E. Salzman, Chief Executive Officer	01/05/2016
	** Signature of Reporting Person	Date
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