PORTLAND, Ore., March 21, 2011 /PRNewswire/ -- Rentrak Corporation (Nasdaq: RENT), a leader in multi-screen media measurement serving the advertising, television and entertainment industries, today announced that Bill Livek, the company's Chief Executive Officer, recently purchased a total of 12,033 shares of Rentrak common stock on the open market for approximately $280,000, bringing his total direct ownership to 97,384 shares, or just under 1% of total shares outstanding. Livek also holds 360,000 stock options, 75,000 stock appreciation rights and 103,500 restricted stock units (RSUs).
Separately, the company said that RSUs vested in February 2011 for three members of its executive management team, including Livek, David Chemerow, Rentrak's Chief Operating Officer and Chief Financial Officer, and Amir Yazdani, the company's Executive Vice President of Information Technology and Chief Information Officer. These RSUs were awarded to Livek, Chemerow and Yazdani as part of their regular compensation package. In total, 70,265 RSUs vested, 26,932 of which were withheld for income tax purposes. Livek, Chemerow and Yazdani did not receive any cash related to these transactions.
Rentrak also announced that Paul Rosenbaum, the company's Chairman of the Board, recently purchased 168,355 shares of Rentrak common stock upon exercise of stock options, 85,178 of which he tendered back to Rentrak in payment of the applicable stock option exercise price and tax withholding obligations. Rosenbaum did not receive any cash related to the transaction. Rosenbaum currently holds 338,617 shares of common stock, or approximately 3% of total shares outstanding, 117,181 stock options and 15,000 stock appreciation rights.
About Rentrak Corporation
Rentrak Corporation is a global digital media measurement and research company, serving the most recognizable companies in the entertainment industry. With a reach across numerous platforms including box office, multi-screen television, and home video, Rentrak has developed more efficient metrics to be used as alternative currencies for the evaluation and selling of media. Rentrak is headquartered in Portland, Oregon, with additional U.S. and international offices. For more information on Rentrak, please visit www.rentrak.com.
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SOURCE Rentrak Corporation