SEC Form 4 · accession 0000899243-18-026837
Reis, Inc. · REIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Sander
Officer — COO of Reis Services, LLC
Period of report
Oct 13, 2018
Accepted (ET)
Oct 16, 2018 · 7:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001038222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 13, 2018 | U | 130,495 | $23.00 | D | 33,176 | D | |
| Common StockF1,F2 | Oct 15, 2018 | D | 33,176 | $23.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 15, 2018, Moody's Corporation ("Moody's") acquired the issuer pursuant to the Agreement and Plan of Merger, dated August 29, 2018, by and among Moody's Analytics Maryland Corp. ("Purchaser"), Moody's and the issuer (the "Merger Agreement"). In accordance with the Merger Agreement, Purchaser, a wholly-owned subsidiary of Moody's, was merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as a wholly owned subsidiary of Moody's. Under the Merger Agreement, at the effective time of the Merger, each outstanding share of the issuer's common stock (including the shares of common stock relating to previously unvested restricted stock units, but excluding shares of common stock held by Moody's, the issuer and their respective subsidiaries) was cancelled and converted into the right to receive $23.00 in cash.
- F2This amount reflects shares of common stock relating to previously unvested restricted stock units that were cancelled as described above.