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Filing Details

Accession Number:
0001062993-19-003306
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-12 16:51:48
Reporting Period:
2019-08-09
Accepted Time:
2019-08-12 16:51:48
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1224133 Marchex Inc MCHX Services-Business Services, Nec (7389) 352194038
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1665975 Edenbrook Long Only Value Fund, Lp 2 Depot Plaza
4Th Fl
Bedford Hills NY 10507
No No Yes No
1666682 Edenbrook Capital, Llc 2 Depot Plaza
4Th Fl
Bedford Hills NY 10507
No No Yes No
1712127 Jonathan Brolin 2 Depot Plaza, 4Th Floor
Bedford Hills NY 10507
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class B Common Stock, Par $0.01 ('common Stock') Acquisiton 2019-08-09 12,300 $3.28 4,702,920 No 4 P Indirect See footnotes
Common Stock Acquisiton 2019-08-12 4,503 $3.25 4,707,423 No 4 P Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Call Option(Right to Buy) Acquisiton 2019-08-12 425 $0.38 42,500 $4.50
Common Stock Call Option(Right to Buy) Acquisiton 2019-08-12 75 $0.38 7,500 $4.50
Common Stock Put Option (Obligation to Buy) Disposition 2019-08-09 2,550 $0.35 255,000 $3.00
Common Stock Put Option (Obligation to Buy) Disposition 2019-08-09 450 $0.35 45,000 $3.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
425 2019-08-12 2020-06-19 No 4 P Indirect
75 2019-08-12 2020-06-19 No 4 P Indirect
2,550 2019-08-09 2020-06-19 No 4 S Indirect
450 2019-08-09 2020-06-19 No 4 S Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 948,263 Indirect See footnotes
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Put Option (Obligation to Buy) $3.50 2019-08-08 2020-03-20 255,000 2,550 Indirect
Common Stock Put Option (Obligation to Buy) $3.50 2019-08-08 2020-03-20 45,000 450 Indirect
Common Stock Put Option (Obligation to buy) $3.50 2019-06-04 2019-12-20 124,500 1,245 Indirect
Common Stock Put Option (Obligation to Buy) $4.00 2019-06-04 2019-12-20 124,500 1,245 Indirect
Common Stock Put Option (Obligation to buy) $3.50 2019-06-04 2019-12-20 25,500 255 Indirect
Common Stock Put Option (Obligation to buy) $4.00 2019-06-04 2019-12-20 25,500 255 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-03-20 255,000 2,550 Indirect
2020-03-20 45,000 450 Indirect
2019-12-20 124,500 1,245 Indirect
2019-12-20 124,500 1,245 Indirect
2019-12-20 25,500 255 Indirect
2019-12-20 25,500 255 Indirect
Footnotes
  1. These securities are held in the account of Edenbrook Long Only Value Fund, LP, a private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manger of such private fund. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC.
  2. These securities are held in the account of a private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manager of such private fund. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC.
  3. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  4. As previously disclosed, Edenbrook Long Only Value Fund, LP wrote 2,490 and 2550 put option contracts expiring in December 2019 and March 2020, respectively, which provide that Edenbrook Long Only Value Fund, LP will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options.
  5. As previously disclosed, a private fund managed by Edenbrook Capital, LLC wrote 510 and 450 put option contracts expiring in December 2019 and March 2020, respectively, which provide that the private fund will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options.
  6. Price shown equals per share option premium. Each contract represents 100 shares.
  7. Edenbrook Long Only Value Fund, LP wrote 2,550 put option contracts expiring in June 2020 which provide that Edenbrook Long Only Value Fund, LP will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options.
  8. A private fund managed by Edenbrook Capital, LLC wrote 450 put option contracts expiring in June 2020 which provide that the private fund will be required to purchase shares of common stock at the stated price if the counterparty exercises such put options.
  9. Edenbrook Long Only Value Fund, LP bought 425 call option contracts expiring in June 2020 which provide that Edenbrook Long Only Value Fund, LP will have the right to purchase shares of common stock at the stated strike price.
  10. A private fund managed by Edenbrook Capital, LLC bought 75 call option contracts expiring in June 2020 which provide that the private fund will have the right to purchase shares of common stock at the stated strike price.