SEC Form 4 · accession 0001209191-16-098082

Reis, Inc. · REIS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Executive Vice President · Director

Period of report

Feb 9, 2016

Accepted (ET)

Feb 12, 2016 · 4:28 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 Stock^F1	Feb 9, 2016	A	24,025	$0.00	A	849,897	D
Common Stock	Feb 10, 2016	S	2,046	$20.98	D	847,851	D
Common Stock^F3	Feb 11, 2016	S	2,653	$21.19	D	845,198	D
Common Stock	holding	—	—		—	36,093	I	By Family Trust

No Table II lines on this filing.

F1Consists of Restricted Stock Units ("RSUs") representing a contingent right to receive shares of REIS common stock. The RSUs vest in three equal annual installments beginning February 9, 2017. Vested shares of common stock will be delivered to the reporting person promptly following each vesting date.
F2Exempt 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.
F3Represents 798,120 shares of common stock held by the reporting person and 47,078 RSUs (none of which are currently vested).