SEC Form 4 · accession 0001209191-15-013653
Reis, Inc. · REIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lloyd Lynford
Officer — President & CEO · Director · 10% Owner
Period of report
Feb 11, 2015
Accepted (ET)
Feb 13, 2015 · 5:02 pm EST
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 StockF2 | Feb 11, 2015 | S | 3,170 | $23.55 | D | 1,305,076 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Exempt transaction pursuant to Section 16b-3(e) -- payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting and delivery of restricted stock units ("RSUs"). The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover the required taxes.
- F2Represents 1,239,651 shares of common stock held by the reporting person and 65,425 RSUs (none of which are currently vested).