MARCHEX INC — Director's Dealing 2019

Apr 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARCHEX INC (MCHX)
CIK: 0001224133
Period of Report: 2019-04-17

Reporting Person: ARENDS MICHAEL A (Office of CEO Member & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-17	Class B Common Stock	A	34000	$0.01	Acquired	594754	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-17	Employee Stock Option (right to buy)	$5.05	A	34000	Acquired	2029-04-17	Class B Common Stock (34000)	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: Restricted stock award effective April 17, 2019 (the "Grant Date"). The restricted stock award vests in accordance with the following four year vesting schedule: 25% of the total shares shall vest on each of the first, second, third and fourth annual anniversaries, respectively, of the Grant Date.

F2: All options and restricted stock are subject to accelerated vesting under certain conditions as set forth in the reporting person's employment agreement with the Issuer.

F3: Reporting person disclaims beneficial ownership.

F4: Option grant effective the Grant Date. 25% of the options will vest on the first annual anniversary of the Grant Date. Thereafter, 1/12 of the remaining options will vest quarterly for the following three years.