$3.1M of RLOC sold by Habib Kairouz on 11/28/2012

Kairouz Habib sold 275,000 shares of Reachlocal Inc stock, or $3,069,468 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on November 28, 2012.

After the transaction, Kairouz Habib's stake was reported as 2,756,966 shares of Reachlocal Inc stock.

As noted on November 30, 2012, Kairouz Habib's sale was done indirectly through "See Footnote" over 1 transaction on November 28, 2012. The share price for the transaction was $11.16 according to the regulatory filing detailing the trade.

If we look over the past 12 months, Kairouz Habib has sold a total of 275,000 shares of Reachlocal Inc, proceeds from the sale totaled $3,069,468. Over the same time period, Kairouz Habib has purchased no shares of Reachlocal Inc stock.

Let's take a quick, high-level look at insider trading at Reachlocal Inc over the past 12 months. A total of 1,243,938 shares of Reachlocal Inc stock was sold by insiders, totaling $14,914,611. Over the same time 12 month time period, no shares of Reachlocal Inc were purchased by company insiders.

To view the complete SEC Filing: Reachlocal Inc Form 4 (Insider Trading) SEC Filing