MARCHEX INC — Director's Dealing 2014

May 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARCHEX INC (MCHX)
CIK: 0001224133
Period of Report: 2014-05-11

Reporting Person: ARENDS MICHAEL A (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-11	Class B Common Stock	F	4786	$10.59	Disposed	397385	Direct
2014-05-12	Class B Common Stock	M	100000	$4.63	Acquired	497385	Direct
2014-05-12	Class B Common Stock	S	100000	$10.7998	Disposed	397385	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-12	Non-qualified Stock Option (Right to Buy)	$4.63	M	100000	Disposed	2019-08-12	Class B Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	18100	Indirect
Class B Common Stock	6500	Indirect
Class B Common Stock	10500	Indirect

Footnotes

F1: Exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of restricted stock.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10(b)5-1 trading plan adopted by the reporting person in 2014 and which such Rule 10(b)5-1 trading plan shall terminate on the earlier of all shares having been sold thereunder or December 31, 2015.

F3: Reporting person disclaims beneficial ownership.

F4: Immediate exercisability.