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Filing Details

Accession Number:: 0001062993-20-001063
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-19 08:26:25
Reporting Period:: 2020-02-14

Accepted Time:: 2020-02-19 08:26:25
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	Director	Officer	Large Shareholder	Other
1665975	Edenbrook Long Only Value Fund, Lp	116 Radio Circle Suite 202 Mount Kisco NY 10549	No	No	Yes	No
1666682	Edenbrook Capital, Llc	116 Radio Circle Suite 202 Mount Kisco NY 10549	No	No	Yes	No
1712127	Jonathan Brolin	116 Radio Circle Suite 202 Mount Kisco NY 10549	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class B Common Stock ('Common Stock')	Acquisiton	2020-02-14	100,000	$3.14	5,814,133	No	4	P	Indirect	See footnotes
Common Stock	Acquisiton	2020-02-18	100,000	$3.05	5,914,133	No	4	P	Indirect	See footnotes
Common Stock	Acquisiton	2020-02-18	79,600	$3.10	5,993,733	No	4	P	Indirect	See footnotes
Common Stock	Acquisiton	2020-02-18	310,000	$3.01	6,303,733	No	4	P	Indirect	See footnotes
Common Stock	Acquisiton	2020-02-18	54,800	$3.10	6,358,533	No	4	P	Indirect	See footnotes
Common Stock	Acquisiton	2020-02-18	80,000	$3.03	6,438,533	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
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Put Option (Obligation to Buy)	Acquisiton	2020-02-18	2,550	$0.65	255,000	$3.50
Common Stock	Put Option (Obligation to Buy)	Acquisiton	2020-02-18	450	$0.65	45,000	$3.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2019-08-08	2020-03-20	No	4	P	Indirect
0	2019-08-08	2020-03-20	No	4	P	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	948,263	Indirect	See footnotes

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Put Option (Obligation to buy)	$2.50	2020-02-13	2020-12-20	220,000	2,200	Indirect
Common Stock	Put Option (Obligation to buy)	$2.50	2020-02-13	2020-12-20	30,000	300	Indirect
Common Stock	Call Option (Right to Buy)	$3.50	2020-02-13	2020-06-19	220,000	2,200	Indirect
Common Stock	Call Option (Right to Buy)	$3.50	2020-02-13	2020-06-19	30,000	300	Indirect
Common Stock	Put Option (Obligation to buy)	$2.75	2020-01-31	2020-09-18	176,000	1,760	Indirect
Common Stock	Put Option (Obligation to buy)	$2.75	2020-01-31	2020-09-18	24,000	240	Indirect
Common Stock	Put Option (Obligation to buy)	$3.50	2019-12-16	2020-09-18	129,000	1,290	Indirect
Common Stock	Put Option (Obligation to buy)	$3.50	2019-12-16	2020-09-18	21,000	210	Indirect
Common Stock	Call Option(Right to Buy)	$4.50	2019-08-12	2020-06-19	42,500	425	Indirect
Common Stock	Call Option(Right to Buy)	$4.50	2019-08-12	2020-06-19	7,500	75	Indirect
Common Stock	Put Option (Obligation to Buy)	$3.00	2019-08-09	2020-06-19	255,000	2,550	Indirect
Common Stock	Put Option (Obligation to Buy)	$3.00	2019-08-09	2020-06-19	45,000	450	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-12-20	220,000	2,200	Indirect
2020-12-20	30,000	300	Indirect
2020-06-19	220,000	2,200	Indirect
2020-06-19	30,000	300	Indirect
2020-09-18	176,000	1,760	Indirect
2020-09-18	24,000	240	Indirect
2020-09-18	129,000	1,290	Indirect
2020-09-18	21,000	210	Indirect
2020-06-19	42,500	425	Indirect
2020-06-19	7,500	75	Indirect
2020-06-19	255,000	2,550	Indirect
2020-06-19	45,000	450	Indirect

Footnotes

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.
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.
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.
As previously disclosed, Edenbrook Long Only Value Fund, LP wrote 2550 and 3050 put option contracts expiring in June 2020 and September 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.
As previously disclosed, a private fund managed by Edenbrook Capital, LLC wrote 450 and 450 put option contracts expiring in June 2020 and September 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.
As previously disclosed, 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.
As previously disclosed, 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 price.
Edenbrook Long Only Value Fund, LP wrote 2200 put option contracts expiring in December 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 option.
A private fund managed by Edenbrook Capital, LLC wrote 300 put option contracts expiring in December 2020 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 option.
Edenbrook Long Only Value Fund, LP bought 2200 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.
A private fund managed by Edenbrook Capital, LLC bought 300 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.
Price shown equals per share option premium paid. Each contract represents 100 shares. This transaction closed out these option contracts.